Written by Gordon Webster, Jr.
The California Chamber of Commerce has joined forces with the business community to oppose any statewide $15 minimum-wage initiative in November.
A coalition of stakeholders including farmers, retailers and other small business owners know that it will be the business community, their employees and ultimately consumers who will pay the costs.
“Oftentimes, even in recessions, prices go up, and small businesses will be required to pay even more when they are making less. This is an unsustainable model that is bad for business and will hurt the very employees this wage increase seeks to help,” said CalChamber President and CEO Allan Zaremberg in a recent statement.
Some of the state’s largest unions have filed competing minimum-wage increase initiatives that tie future increases to the Consumer Price Index, which could signify up to a 180-percent increase in the minimum wage. That amounts to an unsustainable future for California businesses and those that rely on them.
Even Gov. Jerry Brown indicated in his recent budget presentation that bumping the minimum wage too much would put many poor people out of work.