Saturday, March 22, 2014
.png)
3 comments:
Comment Policy:
The author of this blog will attempt to engage in conversation via the comments section whenever possible and recognize the 24/7 nature of the internet. Moderating and posting of comments will occur during regular operational hours Monday through Friday. Comments submitted after hours or on weekends will be read and posted as early as possible, however admins and/or the author is unable to commit to replying to every comment posted.
This is a moderated blog. That means all comments will be reviewed before posting. In addition, it is expected that participants will treat each other, as well as the author and admin, with respect. Comments that contain vulgar or abusive language; personal attacks of any kind will not be posted. Comments that are spam or that promote services or products will not be posted. It is requested that all comments remain on topic.
The Elder Statement blog does not guarantee or warrant that any information posted by individuals on this blog is correct, and disclaims any liability for any loss or damage resulting from reliance on any such information. The Elder Statement blog may not be able to verify, does not warrant or guarantee, and assumes no liability for anything posted on this website by any other person. The Elder Statement blog does not endorse, support or otherwise promote any private or commercial entity or the information, products or services contained on those Web sites that may be reached through links on our Web site.
To protect individual privacy and the privacy of others, please do not include phone numbers, addresses or email details in the body of a comment. Such information will result in removal of a comment.
Thank you for your attention.
The Elder Statement
You mean like San Jose who raised the minimum wage to over 10.00 an hour a year ago and has seen unemployment decrease and the number of businesses increase. Wait, I thought Larry painted a doomsday scenario, saying that jobs would be cut and employee hours reduced. A year later, it is clear that raising San Jose's minimum wage has been an incredible success. The data shows that under San Jose's minimum wage, unemployment was reduced, the number of businesses grew, the number of minimum wage jobs expanded, average employee hours remained constant and the economy was stimulated.
ReplyDeleteThe unemployment rate dropped in the San Jose metro area from 7.6 percent in February, 2013 to 5.8 percent in December, the last month available. Part of the reason for this almost two-point drop in unemployment is that the 40,000 minimum wage workers in San Jose have pumped more than $100 million into the local economy this past year, stimulating the economic growth of Silicon Valley.
The city reports that business is growing, with 84,000 businesses registered at the start of 2014 compared to 75,000 the previous year. Importantly, the leisure and hospitality industry -- the sector that includes food services, and where many minimum wage employees work -- experienced a net increase of 4,000 jobs in San Jose in 2013, according to the California Employment Development Department.
In the city center, the San Jose Downtown Association reports that businesses grew by 3 percent in the past year, with the retail sector, which includes restaurants, increasing to 19 percent of all downtown businesses, up from 15 percent in 2012.
Finally, the U.S. Bureau of Labor Statistics reports that the average number of hours worked in the San Jose metro area in 2013 is nearly the same as in 2012 (36.5 hours in 2013 vs. 36.9 hours in 2012).
Larry, are you listening? Is this on? Will you ever cite this when you like to only cite studies that favor your position? Hmmmm, Larry, this sure doesn't seem like the doom and gloom you said would happen!
"Assemblyman Luis Alejo, D-Watsonville, smiles as he talks with Sen. Joel Anderson, R-Alpine,left, and Mark Wyland, R-Escondido, as the Senate voted on Alejo's minimum wage bill at the Capitol in Sacramento, Calif., Thursday, Sept. 12, 2013. The Senate approved Alejo's bill to raise the minimum wage from the current $8 an hour to $10 by 2016. Both Anderson and Wyland voted against the bill" ---- so the $10 per hour isn't to come about until 2016 'anonymous, so for you to comment about how the economy is california is now & say that they have $10/hour minimum wage is incorrect... are you listening? is this on? smh
DeleteDumbass leftist ideas never die. Leftism is a poison that keeps killing the brain cells of the masses (gov't education & leftist media) until they mindlessly accept the ideas as a given and seek solutions to make the undoable work.
ReplyDelete