Is Economy Doing Well?

[Randolph Kinney]

I don't think the state's minimum wage is $15/hr yet. My high school daughter is getting paid as a tutor about $11/hr from the school but the private market here is willing to pay at $15/hr. She's thrill making money as disposable spending money. After college, I expect her to make much more. You can't live on $15/hr. The state should instead train adults to have better paying jobs.

Of course not, the current state wide minimum wage is $10 per hour, today. Yet, businesses are making long range plans of where they want to be. Those companies that are labor intensive or labor sensitive are the ones leaving California.

Expect fast food companies to automate in California. You get your minimum wage but you will have fewer workers.

Under existing law, California's minimum wage will increase from $9.00 per hour to $10.00 per hour on January 1, 2016. This measure increases the minimum wage to $11.00 per hour, effective January 1, 2017, and by $1.00 each of the next four years, to $15.00 per hour on January 1, 2021.

 

[Big ole Boy]

I don't think the state's minimum wage is $15/hr yet. My high school daughter is getting paid as a tutor about $11/hr from the school but the private market here is willing to pay at $15/hr. She's thrill making money as disposable spending money. After college, I expect her to make much more. You can't live on $15/hr. The state should instead train adults to have better paying jobs.

Maybe someday we could flip this around and train the state to spend less fiat paper (funny money-funny eco-metrics) so that people could find jobs that NEED training.

 

[djd09]

If the federal government can mandate minimum wage, why can't they regulate maximum wage?

 

[Meandering]

Maybe someday we could flip this around and train the state to spend less fiat paper (funny money-funny eco-metrics) so that people could find jobs that NEED training.

 

[Terrel L. Shields]

You can't live on $15/hr.

Actually, you can do quite well in much of flyover America on that wage. The cost of insurance, taxes, and almost everything else is much cheaper here that on the coasts. A house can be had for $60,000 that is quite livable and rents on same would run from $500-750/mo. I have 3 cars and my total car insurance bill is less than $1,000 annually full coverage.

 

[Randolph Kinney]

California has the answer to low wage fast food jobs ...

 

[Meandering]

Wait,

Do they get state subsidizes for software and hardware development of those robots?

Hopefully Mr. Brown has not encouraged patent infringement.

http://www.google.com/patents/US20060094518

.

.

 

[Randolph Kinney]

Wait,

Do they get state subsidizes for software and hardware development of those robots?

Hopefully Mr. Brown has not encouraged patent infringement.

http://www.google.com/patents/US20060094518

.

.

The heroes of Silicon Valley are the ones that can replace the human element in commerce for that's where the money is.

Just think of how many pizza machines can replace those minimum wage workers? No need for them but the ones making $15/hr can afford to buy the mechanized pizzas.

 

[Terrel L. Shields]

Back to the Future 70 plus years ago

 

[Restrain]

They use robots to make pizzas for grocery stores (Tony's Pizza, etc) so they can easily make robots for pizza shops, burger shops, etc. Reduce employee overhead by 60% or more, depreciate the equipment (tax write off) no employee vacations, sick leave, etc. for that matter, I expect Starbucks to move that way given its high employee overhead.