Jan 1st, 2021 all California employees must make at least $14 an hour.
Jan 1st, 2022 California minimum wage goes to $15 an hour.
19 replies (most recent on top)
$14/Hr in California won't even cover rent. Now, give us a "Gawd Bliss Murka" and scream, USA, USA, USA.
The result of people who never had to meet a payroll obligation deciding what payroll should be. If you live in California stay there, and keep all your cruddy ideas about social norms to yourself.
Good luck with that. It never works. Your cost of living just goes uo even more so you end up making less. California is a sh– hole. Get out
It’s not the amount of dollars that you make that’s all important—it’s the BUYING POWER that those dollars have that matters more. Right now with the debt and money-printing that’s going on by the fed, we are on our way to wheel barrel money.
In California, 150k per year is considered poverty so 14-15 an hour is nothing
It's 2020, $14 an hour is like $5 dollars an hour in 1985. I can't see how anyone could live on that in California. Retailers need to step up and pay a livable wage.
In 1985, min wage was $3.35 in California. I rented a place with my friend and we were making $6.00 an hour. Rent was $600 a month for 2 bedroom, 2 master suites.
Now rent at the same exact park is $2200 a month.
So just under 4 times the cost. Min wage is about to be $14. Just over 4 times the minimum wage. It’s mostly proportionate. The big expenses we didn’t have or need were cell phone bills, internet. But long distance rates were ridiculous. It was easy to get a $100 a month phone bill.
That explains why people are leaving California in droves and moving to states where their dollars have more buying power. The main problem there is not what companies pay, because California already has the higher minimum wages than any other state. it’s the horrible business environment that drives up the cost of living there.
It's 2020, $14 an hour is like $5 dollars an hour in 1985. I can't see how anyone could live on that in California. Retailers need to step up and pay a livable wage.
This is one reason that Lowe’s is already eliminating positions and offering more part-time work. They see what’s coming on the horizon nationally and are preparing for it. Companies are simply not going to absorb this increased cost to do business—they will instead cut costs, bring in more automation, and raise prices.
When Target went to a base of $15.00/hr, that’s exactly what they did—slash full-time positions with benefits and converted to a majority part-time work force. Ta-DA—Yep, you get $15.00/hr, but maybe 20-25 hrs per week. Workers’paradise is here!
wtf is MFA?
Medicare for all. People think Medicare pays for everything. But in most states it pays 80% of the bill, then you need additional insurance to cover pr-scrip-ions and the additional 20% or services Medicare doesn’t cover. A recently naturalized US Citizen I worked with retired and got Medicare. Had a $10k bill he wasn’t prepared for and had to take out a home equity loan to pay or have his social security check garnished.
wtf is MFA?
This is California, we don’t need no McDouble’s. We have In-N-Out double double’s. They already pay over $15 to start. In-n-out managers make well over $100k a yr..
How much will that McDouble, be now $10.00 ?
“Of course, with MFA supposedly coming with the new administration, many young people/millennials probably won’t care about private health insurance much longer anyway“
That’s what’s funny, they think MFA will cover everything. The obviously are oblivious to Medicare Supplemental Insurance that covers pr-scrip-ions and the deductible and percentage not covered by Medicare. They are in for sticker shock.
How Much Does the Average Medicare Supplement Plan Cost in 2020?
https://www.medicaresupplement.com/articles/average-cost-of-medicare-supplement-by-age/
Correct. To compensate for the increased hourly wage floor requirement, retailers will simply slash benefit costs by drastically reducing full-time headcount. Of course, with MFA supposedly coming with the new administration, many young people/millennials probably won’t care about private health insurance much longer anyway...
I’d expect some retailers to get rid of more full timers so they can flex the schedules with more part timers and less benefits to offset the controllable expense of “payroll”. Also expect more self checkout and automation.
Get ready for prices to skyrocket. The consumer will pay for this, not the company.