Posted by Jon Fleischman at 12:00 am on Sep 12, 2006 Comments Off on Governor..STOP! Don’t do it!
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:… Read More