Yesterday Los Angeles almost doubled its minimum wage becoming, in doing, the largest U.S. city to raise its minimum wage to %15 an hour. The city council voted 14 to 1 to approve a plan to gradually increase the required wage to $15 an hour by July 2020.
John Iadarola (https://twitter.com/jiadarola) and Jimmy Dore (https://twitter.com/jimmy_dore) discuss the details of the story. Do you think this is a positive change? Tell us what you think in the comment section below.
Read more here: http://www.nytimes.com/2015/05/20/us/los-angeles-expected-to-raise-minimum-wage-to-15-an-hour.html
“The nation’s second-largest city voted Tuesday to increase its minimum wage from $9 an hour to $15 an hour by 2020, in what is perhaps the most significant victory so far for labor groups and their allies who are engaged in a national push to raise the minimum wage.
The increase, which the City Council passed in a 14-to-1 vote, comes as workers across the country are rallying for higher wages and several large companies, including Facebook and Walmart, have moved to raise their lowest wages. Several other cities, including San Francisco, Chicago, Seattle and Oakland, Calif., have already approved increases, and dozens more are considering doing the same. In 2014, a number of Republican-leaning states like Alaska and South Dakota also raised their state-level minimum wages by ballot initiative.
The effect is likely to be particularly strong in Los Angeles, where, according to some estimates, almost 50 percent of the city’s work force earns less than $15 an hour. Under the plan approved Tuesday, the minimum wage will rise over five years.”
***
Get The Young Turks Mobile App Today!
Download the iOS version here: https://itunes.apple.com/us/app/the-young-turks/id412793195?ls=1&mt=8
Download the Android version here: https://play.google.com/store/apps/details?id=com.tyt