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California Raises Minimum Wage to $8
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More than 1 million Californians who earn the minimum wage will get a nearly 20% pay increase over the next year and a half, thanks to an agreement announced Monday between Gov. Arnold Schwarzenegger and Democratic leaders in the Legislature. The hike, the first since early 2004, will lift the state minimum wage to $8 an hour from $6.75. Workers will get a 75-cent increase Jan. 1 and an additional 50 cents on Jan. 1, 2008. (Los Angeles Times [1], Tuesday)
Economic laws? What economic laws?
FEE Timely Classic
The Minimum Wage: Good Intentions, Bad Results [2] by Roger Koopman
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/california-raises-minimum-wage-to-8/
URLs in this post:
[1] Los Angeles Times: http://www.latimes.com/news/local/politics/cal/la-fi-wage22aug22,0,6130733.story?coll=la-home-headlines
[2] The Minimum Wage: Good Intentions, Bad Results: http://www.fee.org/publications/the-freeman/article.asp?aid=1456
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