Repost from Reuters | September 25, 2013
Gov Jerry Brown signed into a law a bill that seeks to increase the minimum age of Californians to $10 per hour till 2016 up from present $8.00 per hour. That would be increase of $16 per day or about P600.00 per day or more than our minimum age in the PHL. This is seen as a move to help California residents keep up with the rising cost of living. The clamor for higher wages in California seems to be on the rise, as photos below would show. The move is supported by Democrats who are pro poor and pro labor. Republicans said however that it would hurt entrepreneurs and small businessmen
However, this would make California more uncompetitive, reduce job opportunities, and cause many residents to seek employment elsewhere. That is the law of investment and opportunity seeking.
I had advised a PHL food processor not to put up a manufacturing base in USA two years ago; at that time, cost of doing business in California was all ready very stiff and steep. This is not to mention the cost of litigation and regulations in California
This would help fuel more outsourcing because it is cheaper to outsource abroad.
California no longer a nice place for start ups?
Would this be helpful to California in the long run?
Would you support this bill if you were a public sector leader?
No comments:
Post a Comment