The Governor has pledged to sign one of the FR ‘TWENTY WORST BILLS’ TODAY! SAY IT ISN’T SO!
The Governor has announced that today he is going to sign legislation to stiffen the regulation that the State of California imposes on businesses, large and small, mandating that they pay their employees more money.
This is a bad idea for so many reasons, but given the fact that state government finances are precariously tied to the health of the California economy, this kind of regulation is exactly what we DON’T NEED. Hiking the wage mandate on employers causes employers to have to let some employees go, and increases their costs which will lead to some businesses that are on the edge to shut down or move their operations out of the state.
Yes, it is true that if Angelides were Governor, we would be looking at the larger increase in the wage mandate, and an indexing of the wage to the rate of inflation (making it automatically increase in the future).
I will end on this sobering note: THE ONLY REASON THAT THIS REGULATORY INCREASE IS GOING TO HAPPEN IS BECAUSE THE GOVERNOR WANTS IT TO. IF THE GOVERNOR WERE TO VETO THIS BILL, THE DEMOCRATS WOULD NOT HAVE THE VOTES TO OVERRIDE HIM.
Governer, STOP!