California set to raise minimum wage to $10

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This is only going to affect inland areas.

Jobs in the major CA cities are already $10/hr at least out of necessity.

There are always going to be a few low paying jobs even in the cities.

And anyways, I think exempt employees have a minimum salary of twice the minimum wage, so this would raise that from $32,000 to $40,000. Full time employees can be paid less, but then would be required to get paid for overtime.

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We're sick of hearing about this supposed Texas miracle.

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$10 isn't very much money in CA, but it's a great way to scare away companies into moving to Texas. The same thing is going on at the federal level. I can't blame companies for going overseas. What we need to do is eliminate the corporate tax and place tariffs on goods from companies who move overseas. No corporate taxes will bring jobs back from overseas. All we're doing in places like CA is scaring them away. All they'll do is raise prices in order to get back to where they were and then we're right back to where we started.

Yeah, McDonald's is packing their bags as we speak.

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The federal minimum wage in 1968 was $10.74 an hour in today's dollars. Enough said.

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The federal minimum wage in 1968 was $10.74 an hour in today's dollars. Enough said.

You mean for federal employees?

This is also known as picking cherries. 1968 is of course a completely random and arbitrary year.

I was pointing out how much higher the minimum wage was then. By the time California raises it to $10 an hour, 1968 would be around $11.50 in current dollars.

In October 1949, a bill was signed almost doubling the federal minimum wage. So how did October 1949 - September 1950 do in terms of jobs? A 6.1% increase. The best year since then managed only 5.1%.

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"mom and pop stores" evade min wage and other labor laws, as a rule

And there aren't as many left. The more typical "small business" is a franchise store.

Anyway, Brown signed the increase today.

There are still some mom and pop stores left. But they mostly have minimal employees outside of the family, and family members don't have to get minimum wage.