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LAWMAKERS IN CALIFORNIA HAVE DECIDED TO INCREASE THE
STATE'S MINIMUM WAGE FROM $10-$15.
HOWEVER, AS WITH ANYTHING, THERE ARE SOME CAVEATS.
THE MINIMUM WAGE WILL JUMP FROM $10-$10 AND FIFTY CENTS AN HOUR
IN 2017, AND WILL INCREASE BY
EVERY ñ BY ONE DOLLAR EVERY YEAR AFTER THAT UNTIL REACHING
FIFTEEN DOLLARS AN HOUR IN 2022.
BUSINESSES WITH FEWER THAN TWENTY-FIVE EMPLOYEES GET A
LITTLE BIT OF A BREAK, THEY WILL HAVE AN EXTRA YEAR TO COMPLY.
THIS IS A GOOD STORY ON THE SURFACE, BECAUSE OF COURSE WE
WANT TO INCREASE THE MINIMUM WAGE TO A LIVING WAGE,
ESPECIALLY IN AN EXPENSIVE STATE LIKE CALIFORNIA WHERE THE COST
OF LIVING IS AROUND US.
EVEN FIFTEEN DOLLARS AN HOUR TODAY IS NOT GOING TO DO
YOU MUCH GOOD.
BUT CONSIDER THE FACT THAT YOU WOULD MAKE FIFTEEN DOLLARS
AN HOUR IN A MINIMUM-WAGE JOB YEARS FROM NOW, THAT'S NOT
EVEN CONSIDERING INFLATION, AND THE COST OF LIVING GOING UP
CONSIDERABLY BY THAT TIME.
A GOOD AMOUNT WOULD BE EATING UP BY INFLATION IN A NORMAL
INSTANCE.
THERE HAVE BEEN A FEW PLACES, SOME STATES, MOSTLY CITIES THAT
OF CONFIDENCE, THAT IS A LONG PERIOD OF TIME AND IT REFLECTS A
BELIEF, AND WE HAVE SEEN THIS, THEY ASSUME THAT THE ONLY PEOPLE
WHO ARE ON MINIMUM WAGE ARE TEMPORARILY ON MINIMUM WAGE AS
THEIR FIRST JOB, BECAUSE MAYBE THEY CAN THINK BACK AND
THINK, WELL I DID DO A SUMMER AT AN ICE CREAM SCOOP IN
PLACE, AND THEY THINK THAT IS WHAT IT IS.
THEY DON'T REALIZE HOW MAY PEOPLE HAVE FAMILIES AND
RELY ON THEIR MINIMUM-WAGE JOBS TO MAKE ENDS MEET.
ONCE YOU TAKE THAT INTO ACCOUNT IT IS CRAZY TO THINK THAT
FIFTEEN DOLLARS AN HOUR IS ENOUGH.
IT IS NOT ENOUGH NOW, IT IS EVEN MORE ñ IT MAKES LESS OF AN
IMPACT YEARS FROM NOW.
IT IS NOT WORTHLESS, BUT IT IS WORTH LESS.
WE DO HAVE TO NOTE THAT THIS MEANS THAT CALIFORNIA HAS GONE
TOO FAR FOR HILLARY CLINTON ñ
SHE THINKS FIFTEEN DOLLARS AN HOUR IS CRAZY PANTS.
WAS DISCUSSED THAT FOR A SECOND.
OF COURSE I DISAGREE WITH HILLARY WHO THINKS TWELVE
DOLLARS AN HOUR.
IT DEPENDS ON WHICH PART OF THE COUNTRY YOU ARE LIVING IN.
ARE YOU LIVING IN RURAL VERMONT?
12 DOLLARS MIGHT BE OKAY.
DO HAVE A ONE-SIZE-FITS-ALL POLICY DOES NOT REALLY MAKE
A LOT OF SENSE.
I WANT A FEDERAL MINIMUM WAGE, DO NOT MISUNDERSTAND WHAT I
AM SAYING, BUT WE LIVE IN A COUNTRY WHERE A ONE SIZE
FITS ALL POLICY JUST SIMPLY WON'T WORK.
LET'S KEEP IT REAL.
IT OBVIOUSLY SHOULD BE ON ñ I DON'T BREAK IT DOWN, BUT I
IMAGINE IF BUSINESS IS OPERATED AS A SLOWLY AS THIS CURRENT BILL
TELLS ME THEY DO, THAT THEY NEED SEVEN YEARS TO FIGURE THIS OUT,
THERE'S NO WAY THE BUSINESSES OF
AMERICA ARE READY ON A NEIGHBORHOOD BY
NEIGHBORHOOD LEVEL TO FIGURE OUT HOW MUCH TO PAY PEOPLE.
WHICH IS WHY THAT FEDERAL PROTECTION IS IN PLACE.
I JUST GOT REALLY ANGRY THINKING ABOUT HILLARY CLINTON AND HER
MILLION-DOLLAR NET WORTH TELLING US THAT TWELVE DOLLARS AN
HOUR IS ENOUGH.