New Study Confirms California Minimum Wage Increase Will Cause Massive Job Losses

New Study Confirms California Minimum Wage Increase Will Cause Massive Job Losses

There used to be a time when if you wanted to earn more money, you had to offer more value to your employer. However, with the resurrection and popularization of socialism by kooks like Bernie Sanders, we now have a crisis on our hands.

Across the nation, young people were told that they deserve more than they had, taught that if they wanted something, all that was needed was a strongly-worded demand at high volume (with the occasional violent outburst for good measure). Pandering Democrats caught on to the entitlements trend and quickly promised minimum wage increases. In other words, they told young adults "vote for us and we'll force employers to give you unearned raises."

In leftist-controlled California, this scheme is quickly spiraling out of control, as a new study confirms what any reasonably-intelligent conservative already knew -- minimum wage increases would lead to job losses.

They just didn't know how catastrophic it'd be. From the Daily Caller:

A new study from the Employment Policies Institute found that a $15 minimum wage in California could trigger the loss of more than 400,000 private-sector jobs, decimating California’s workforce. Even that estimate, the study warned, is “conservative.”

Which job markets will be hit hardest? The study was unequivocal about that. “The job loss is not spread evenly. Slightly more than one-half of the job loss is projected to be in two industries: accommodation and food services, and retail trade,” the study found.

In addition, it was discovered that for every 10 percent the state increased the minimum wage, employment dropped by two percent, while low-income earners were hit the hardest.

Among the aforementioned panderers is leftist Governor of California Jerry Brown. As the 2018 gubernatorial race approaches, he's willing to do whatever it takes to secure that seat for another term:

California Gov. Jerry Brown (D) last year signed a bill into law mandating the raise of the state’s minimum wage to $15 across the board by 2023.

The law bumped the state’s minimum wage of $10 to $10.50 this year and will bump it to $11 in 2018. After that, the minimum wage will increase by $1 each year until it reaches the full $15 by 2022. Businesses that employ 25 or less people will be given one extra year to comply.

After the $15 minimum is set, it will continue to rise with inflation.

The loss of jobs didn’t go unpredicted. Economists stated last year when the bill was signed into law that it could cost 5 to 10 percent of low-income, low-skilled workers their jobs.

Every day, California slowly becomes more uninhabitable. How many more entitlements can Californians fund before the money runs out?

Stay alert. Stay alive.

Dreaming of a GREEN Christmas: Thanks to President Trump, Dow Jones Smashes All-Time Record Highs

Dreaming of a GREEN Christmas: Thanks to President Trump, Dow Jones Smashes All-Time Record Highs

SNOW IS RACIST! College Forced to Apologize for Using the Word "White"

SNOW IS RACIST! College Forced to Apologize for Using the Word "White"