Courtesy of Mish.
California Governor Jerry Brown launched a Political Earthquake proposing a series of minimum wage hikes every year between now and 2022 when the minimum wage hits $15.
The Huffington post reports “The new law will boost paychecks for millions of California workers. More than 40% of California workers earn less than $15 dollars an hour. ”
The very next line, written by Peter Dreier, professor of politics at Occidental College is economic nonsense: “By putting more money in people’s pockets, the pay increase will improve the economy by increasing consumer spending in businesses throughout the state.”
Inquiring minds just may be interest in seeing a chart of California minimum wages hikes over time, all the way back to 1912. I just happen to have that chart.
California Wage Hike History
Data for the above chart is from the California Department of Industrial Relations, History of California Wage Hikes.
Data points through 2022 reflect the new wage hikes.
