Strict gun laws, asinine and superfluous regulations, a second-rate education system, domineering labor unions, unpayable public debts, rotting infrastructure, and mind-boggling housing costs. Which state are you thinking of right now? Is it California? I bet it’s California.
Over the years the People’s Republic of Kalifornia has developed quite the reputation for oppressive rules, dysfunction, and unsustainability; both financially and environmentally. Financially speaking the state has been on the precipice for some time. In recent years several of their cities have declared bankruptcy, and overall the state has one of the highest debt per capita ratios in America. It’s a big effing mess with no clear solutions in sight. There really isn’t any way that California, the biggest economic powerhouse in America, can sustain its current course.
California can however, hasten its demise with crackpot left-wing policies that are sure to ruin their economy, like raising the minimum wage.
A deal to raise California’s minimum wage to $15 an hour by 2022 was reached Monday by Gov. Jerry Brown and state legislators, making the nation’s largest state the first to lift base earnings to that level and propelling a campaign to lift the pay floor nationally.
This post was published at The Daily Sheeple on MARCH 30, 2016.