So California has just raised its minimum wage to be $15/hr in a couple of years. And already small biz owners are really concerned that the risk they took (and in many cases, HUGE risks, relatively speaking) will be wiped out by Government fiat (as opposed to real competition in the marketplace – after all, who can compete against a taxpayer fueled Leviathan?). And I do ask (even though I’m almost a century late) “WHY should government, driving by the Statist politicians, unions, and special interests, be interfering with the relationship between an employer and employee? After all, how is that any different than their mantra that no one should get in between you and your doctor?
Oh right – Obamacare. Sorry – lost my head there for a moment. While we are about to see some $15/hr fast food employees that are not economically worth that, we are also going to see a whole lot of those workers learn that the real minimum wage is $0/hr. And this story shows that even manufacturing jobs are not immune to this Government distortion in California (reformatted, emphasis mine):
Ahead of $15 minimum wage, 1 company leaves California for Texas
California’s $15 minimum wage does not go into effect until 2022, but one Santa Fe Springs-based manufacturing company has already decided to leave the state this year to take advantage of cheaper wages in Texas. “This is the last thing I want to do, but I don’t see that I have a choice,” said Fred Donnelly, president of California Composites, which makes parts for commercial airplanes. Donnelly, who has lived in California for almost seven decades, said he is moving his company out of California because of its “dysfunctional” worker’s compensation system, excessive state and local regulations and the forthcoming $15 minimum wage.







