California Governor Jerry Brown Signs $15 Per Hour Minimum Wage Bill (Admits ‘May Not Make Sense’)

You have to love California Governor Jerry Brown. He didn’t think the California Legislature’s $15 per hour minimum wage proposal may not make sense, but he signed it anyway.
In 2014, the Congressional Budget Office estimated that raising the minimum wage from $7.25 to $10.10 would increase the incomes of the poor by $5 billion per year – a little over $100 per poor person annually. But the $15 minimum wage would simultaneously eliminate 500,000 jobs altogether.
So, if you are a survivor of the $15 minimum wage, you are a winner. But if you are one of the ones who loses your job …

This post was published at Wall Street Examiner by Anthony B. Sanders ‘ April 5, 2016.