California’s legislature will be voting on new legislation prompted by unions to raise the minimum wage in California

to $15/hour.  The veiled threat was if it was put on the fall ballot as an initiative by the unions, it would be more draconian.  The legislature decided it better take control and create the minimum wage but with a couple of exceptions–if the economy tanks, the graduated raises would be postponed.

We do need higher wages, but regulating higher wages is not the best way to achieve them.  This can make it even

harder for businesses to compete.  A lack of competition in America is the elephant sitting in the middle of the living room and being ignored by everyone.  Over the last 20 years America has been concentrating its revenue into four major companies in each of her sectors.  They include IT, Media, Manufacturing, Transportation, Retail Trade, Finance and more.  …