Thread: California to have a $15/hr minimum wage
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Old 04-03-2016, 01:05 AM  
Paul Markham
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Quote:
Originally Posted by kane View Post
I can see a future where we as a nation simply no longer create enough jobs at any pay level to accommodate all of those who want a job and we could end up in a situation where we have an unemployment rate that hangs out around 15% or higher and it is excepted as being the norm.




Are Job Creation numbers keeping pace with the population increases? No. To keep pace the US needs to create 1.5 million jobs a year. That's ignoring the facts that many of those jobs pay a low wage.

This is also a problem in the UK.
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