This post is about California's minimum wage hike which is rolled out over a number pf years and has its maximum impact on 2022. That would be about Hillary's second term when her new debt becomes due and payable. Our politicians plan our recessions.
NewsBusters: School districts, instead of having to pay teachers at least $20 an hour, will have to pay them at least $30 in 2022, and will have to grant even higher inflation-based minimums each year thereafter — all without any kind of negotiations with the districts ever having to take place. This massive increase will filter its all the way up the school-pay food chain, where unconsciounable numbers of teachers and administrators already receive six-figures in annual pay, costing state taxpayers untold billions of dollars.
Now California is about 15% of the national average for wage inflation, and the yearly wage hike is 10%. Thus the Swamp banker sees a 1.5% constant wage pressure over the next five years. This is skew, one of the costs of aggregation, and without mass migration makes central banking meaningless. Plotting and executing mass migrations is a war crime.
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