Los Angeles Debates a Living Wage

Posted October 11, 2014
By Clay Cerny

 

The website 24/7 Wall Street reports that the Los Angeles City Council is debating a raise in the minimum wage that would bring the wage to $13.25 in 2017 and $15.25 by 2019. Critics says this measure would cost jobs. The problem with that claim is that the wage will be phased in over 5 years. If a business cannot adapt in that time period, that company is not viable. The report also said that companies in L.A. might move to nearby communities with lower minimum wages. There’s a simple solution to that problem: raise the national minimum wage. America needs a raise.