Leaving for Las Vegas: California's minimum wage law leaves businesses no choice

dcbl

Good guys wear white hats
Aug 23, 2011
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so, government interferes with business and forces an inflated wage rate

business doesn't make enough profit, so they leave

wow who could have ever predicted such a thing???

oh wait! we did predict this - the evil conservatives that are heartless and just want people to make shitty wages

now, they have no job, but some lucky folks in Nevada do!

best quote from the article - "the exodus has begun"

Leaving for Las Vegas: California's minimum wage law leaves businesses no choice

California’s minimum wage jumped to $10.50 an hour at the start of the new year. As the founder of a small fashion design house and clothing manufacturer in San Fernando, I’m not a disinterested observer in this change.

After two years in business, my company now has more than 150 clients from all over the world and 18 employees. It’s what’s known as a cut-and-sew house, part of the garment industry that generates about $17 billion in annual economic activity in Los Angeles County, including $6.9 billion in payroll, according to a 2016 industry report by the California Fashion Assn. This is the epicenter of apparel design and manufacturing in the United States; domestically manufactured clothing is more expensive, but retail and wholesale customers who care about quality and working conditions have historically been willing to pay for it.


Unfortunately, the industry is on a downward trend. Los Angeles County used to have more than 5,000 apparel factories; today, my company is one of roughly 2,000 — and many (e.g. American Apparel) are looking for a way out. One Los Angeles Times headline, quoting a California State University economist, warned that “the exodus has begun."
 
so, government interferes with business and forces an inflated wage rate

business doesn't make enough profit, so they leave

wow who could have ever predicted such a thing???

oh wait! we did predict this - the evil conservatives that are heartless and just want people to make shitty wages

now, they have no job, but some lucky folks in Nevada do!

best quote from the article - "the exodus has begun"

Leaving for Las Vegas: California's minimum wage law leaves businesses no choice

California’s minimum wage jumped to $10.50 an hour at the start of the new year. As the founder of a small fashion design house and clothing manufacturer in San Fernando, I’m not a disinterested observer in this change.

After two years in business, my company now has more than 150 clients from all over the world and 18 employees. It’s what’s known as a cut-and-sew house, part of the garment industry that generates about $17 billion in annual economic activity in Los Angeles County, including $6.9 billion in payroll, according to a 2016 industry report by the California Fashion Assn. This is the epicenter of apparel design and manufacturing in the United States; domestically manufactured clothing is more expensive, but retail and wholesale customers who care about quality and working conditions have historically been willing to pay for it.


Unfortunately, the industry is on a downward trend. Los Angeles County used to have more than 5,000 apparel factories; today, my company is one of roughly 2,000 — and many (e.g. American Apparel) are looking for a way out. One Los Angeles Times headline, quoting a California State University economist, warned that “the exodus has begun."

Please go anywhere than here! Store owner probably votes Democrat every chance they get and we've already been 'Californicated' here in Vegas.
 
California, with its booming economy and budget surpluses, laughs in your faces, cucks.
 
California, with its booming economy and budget surpluses, laughs in your faces, cucks.
No sense of decency, huh? Lying is not a virtue unless you are a leftist.

"California owes more than it owns

At -$20,900, California's “Taxpayer's Burden” ranks 44th out of the 50 states

California is among 40 “Sinkhole States” without enough assets to cover its debt

Elected officials have created a Taxpayer Burden, which is each taxpayer's share of state bills after its assets available have been tapped

TIA's Taxpayer Burden measurement incorporates both assets and liabilities, not just pension debt

California has only $96.1 billion of assets available to pay bills totaling $335.4 billion

To fill the $239.3 billion financial hole each California taxpayer would have to send $20,900 to the state

Because of a new accounting rule, California now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $11 billion in 2014 to $74.5 billion in 2015. However, the state is still hiding $4.4 billion of pension debt from taxpayers.

The state's financial report was released 262 days after its fiscal year end, which is considered untimely according to the 180 day goal."

California
 

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