The Correct Minimum Wage Is $0/hr, And Anything Else Distorts The Labor Market
Apparently The Los Angeles City Council Never Studied Economics!

Obviously that is a theoretical minimum wage. Nobody who isn't a toddler is going to work for less than some wage well above $0, but that number is far below the legal minimum wage that the socialist lunatics of Los Angeles are getting ready to mandate for hotel and airport workers.

Los Angeles City Council approves a $30 minimum wage for hotel and airport workers by 2028

Hotel operators, business groups and airport concessionaires reportedly said the phased wage increase will add to damage already inflicted by the Trump Administration's trade war, which has contributed to a 61% decline in tourism in Los Angeles. Several countries that typically send many tourists to LA have issued travel advisories about visiting the United States.

Los Angeles restaurants have also been hit by the lingering impact of wildfires in January, and a film industry slowdown following entertainment industry labor strikes that have sent production elsewhere.

On the other hand, the pro-insane-minimum-wage folks have a famous economist on their side!

Sonia Ceron, a dishwasher for in-flight catering company Flying Food Group, for example, said in a statement that the wage increase will change her life, and that of her daughter.

"As a single mother, I will no longer be forced to choose between paying the bills or buying her healthy food," Ceron said. "I'll be able to save for college. This Olympic wage will be good for working families, like mine, the city and our overall economy."

Entry-level jobs are a wonderful mechanism for teenagers and others just entering the work force to learn the skills necessary to succeed: Getting to work on time, following instructions, communicating at a basic level. The increasing dependence on entry-level jobs as some sort of career path is a direct result of the Immigration Act of 1965, which shifted immigrants from countries with basic education standards to the third world, most of which required absolutely nothing of its citizens. So we have a huge and growing population of people who can barely read and write or speak English, and are functionally incapable of rising in the work force. That is why the minimum wage is so important to the left... it buys the votes of the illiterates they have been importing for 60 years.

Hopefully Los Angeles will crash and burn and finally learn its lesson; that doctrinaire Stalinists are incapable of running a city[I wrote that without laughing!]. Well, one of those things is sure to happen.

Realistically, we can expect a mess in Los Angeles during the 2028 Olympics. Sure, they will clean up the bums, slap some paint on the most decrepit buildings, but traffic and lodging and food will be a huge problem for the visitors, and since the city council is doubling down on stupid, don't expect it to get any better in the next two years! People will probably have to find lodging far outside the city and have to tolerate the misery of the Los Angeles highway system, pay obscene prices for meals, and wait for hours for the strained public transportation system to move them to the athletic venues.

Ignoring the stupidity of the Olympics as a financial positive for any city, the timing of this increase is simply incredible. It further exposes how pathetically stupid our career politicians are, and it exposes the dangers of the one-party system that predominates in our blue cities.

But it would take a heart of stone not to laugh at what is coming for Los Angeles!

*Which is actually a fake Nobel Prize. It is officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, and has only been around since 1969.

posted by CBD at 12:00 PM

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