Showing posts with label Disney. Show all posts
Showing posts with label Disney. Show all posts

Wednesday, March 26, 2014


By Larry Elder, Mar. 26, 2014

Los Angeles Mayor Eric Garcetti pats himself on the back for the "public-private partnership" with Disney, which will double the scope of his summer jobs youth program, providing 10,000 summer jobs for teenage Angelenos, with thousands of the jobs at Disney.

Last year, according to the mayor, 15,000 teens applied for 5,000 jobs. "We had to tell them," said the mayor, "you are on your own."

Mr. Mayor, we're ALL on our own when it comes to finding a job. It's not the government's job to get us jobs.  But government can help by encouraging risk-takers to invest in the city. To do that, Los Angeles needs to take a machete to the thicket of rules, regulations, permits, fees and taxes faced by entrepreneurial Angelenos.

Rather then spend time and energy setting up these so-called "public–private partnerships," the mayor should cut out the middleman and deal with the problem directly:  Get rid of the job destroying minimum-wage laws!

In California, the minimum wage rises in July to $9 -- before hitting $10 in 2016.

The libertarian CATO Institute argues that after 1938 -- when the first minimum wage went into effect, 500,000 blacks lost jobs they otherwise would have had. Nobel laureate economist Milton Friedman called minimum-wage laws "one of the most, if not the most, anti-black laws on the statute books."

And don't let anyone tell you, as local union leader Maria Elena Durazo does routinely, that an inflation adjusted minimum wage would be well over $10 an hour today.

Not if you start at the beginning.

The first minimum wage, in 1938, was $.25. Adjusted for inflation, it would be $4.07.

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Video Source:  www.losangeles.cbslocal.com