L.A. raises minimum wage to $15/hr

How about a smaller government, where politicians have less to sell?

 

Hey, put me on your mailing list.

 

Yes.

 

CEOs and board members make decisions all the time in the short-term best interests of themselves to raise the stock price, even though they know it is not in the company's best interest. And don't really care.

Bootstraps, etc.

 

How about we stop worshipping extreme wealth and level the playing field?

 

I completely agree.

 

Unionization.

 

Well, then I am willing to allow more people to live in New York, San Jose and San Fran in cheaper apartments if it will help the economy.

 

After all, freedom ain't free.

 

One other thing that could happen is we could hold people accountable -- like, actual people with indictments and jail terms and stuff -- instead of letting "the banks" plead guilty and pay a ridiculously small portion of their profits as a fine for years of toying with the economy. Apparently no actual person is guilty, just The Banks.

But that would just be crazy.

http://www.nytimes.com/2015/05/21/b...d-interest-rate-cases.html?smid=fb-share&_r=0

The traders were supposed to be competitors, but much like companies that rigged the price of vitamins and automotive parts, they colluded to manipulate the largest and yet least regulated market in the financial world, where some $5 trillion changes hands every day, prosecutors said.

Underscoring the collusive nature of their contact, which often occurred in online chat rooms, one group of traders called themselves “the cartel,” an invitation-only club where stakes were so high that a newcomer was warned, “Mess this up and sleep with one eye open.”

To carry out the scheme, which went on nearly every day for five years through 2012, one trader would typically build a huge position in a currency and then unload it at a crucial moment, hoping to move prices. Traders at the other banks agreed to, as New York State’s financial regulator put it, “stay out of each other’s way.”

 

The death penalty is too good for these assholes. Instead they get a promotion.

 

I have mixed feelings on this... I have zero sympathy for Wal-Mart, the fast food places, Starbucks, etc...

I do worry about high schoolers trying to get their first job. I do worry about the people who rely on a job to help pay for college. As someone who delivered pizzas and worked at a T-shirt store in college, I wonder if those jobs are as readily available with a much higher minimum wage.