California Increases Minimum Wage to $10/Hour

--California increases the minimum wage to $10 per hour

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[PremierRikLatyeskov]

It should be at least $20 an hour if you count the rate of increase before the late 60s.

[JustinSmith-qqgd]

As a Southerner, I would absolutely love for that to happen

[ETericET]

I find it funny the people against the increase tell us economists think it's a bad idea.
They don't, they realise the more money people have the more they help the economy.

[madebutante]

It's still too low. The wage is still at 1978 value. The Min Wage should actually be $25 in order for people to meet their basic need of housing, food, insurance, etc. etc.

[mweibleii]

Those houses were never worth $800, 000. I'm not interested in buying a $25, 000.

[cagedtigersteve]

Everyone should get a dollar raise. Job well done people.

[IamSpacedad]

STILL not a living wage! Living wage in this day and age is around 15-16 an hour. Especially in California where the rent is so high!

[tarkineWild]

Here in Australia the min wage is around $17 an hour

[Roonskii]

If your business model can not pay your employees a livable wage it is not a successful one to begin with.

[pdoylemi]

Why the hell does every politician these days seem to put off implementing anything they pass for YEARS? I can see giving businesses a year to budget for this increase, but 3 years?! That's like asking for failure, because businesses convinced that it will hurt them will use that time to move as many jobs out of the state as possible in that time. Better to implement quickly, fore them to actually try it, and perhaps find out that it isn't as bad as they think.

[lordblazer]

Daniel, think about this. California's minimum wage right now is on the cutting edge of the entire US. People think the world is going to end and things will get too expensive if the minimum wage increases, but of course it stays the same and things are getting expensive anyway.

[AndreB]

Because going from paying minimum wage at 8.00 to 10.00 an hour, basically adjusting the salary for inflation, is SUCH an insane increase, right? I mean, geez, a whole 2 extra dollars per person. Yeah, because allowing workers to have a living wage that allows them to live a bit more comfortably and more money to spend on said small businesses would obviously put those businesses out of work because they had to spend 100.01% more money for their workers. Yeah, that's logic right there...

[superdude]

New Zealand has $13.75 in our local currency, about 25K USD for a year, given a 40 hour week. We don't appear to be experiencing the economic apocalypse. I don't think the recession even hit us that hard.

[PurpleThunder]

As much as I want to get paid $10 an hour, I have a feeling that some of my coworkers or myself would be fired in order to pay the new wage.

[Earth]

Higher purchasing power and more investment. So good for the economy.
Decreases rich and poor gap. So good for the society.
Good job California!!

[Earth]

True. But at least California is trying to pass it. Most of the other states don't even talk about that.

[Majesties]

Not. 90% of economists in world would think you're

[alexkruise]

Time for some econ 101. The law of supply and demand dictates that increasing the price of something will automatically decrease demand for it. Which is why increasing the price of labor will lead to less employers buying labor, which obviously means less people have jobs. If you have a job at $8.00/hr and you're not productive enough to be worth $10/hr, now you have no job. Also, higher prices, no matter how much higher, are always bad for the economy. They completely destroy purchasing power.

[goemon]

should actually be $15/hr if it had kept up with inflation to begin with

[AbnormalWrench]

Really, $10 isn't all that much. I really don't get why people are making such a big deal about this. It isn't even coming close to catching up with the inflation over the decades.