Guest Post by Martin Armstrong
Lawmakers should be required by law to pass a financial literacy test before taking office. California has repeatedly raised the minimum wage as the cost of living continues to rise. They have not lowered the amount of taxes that the state will collect from these workers. California has the highest debt of any state in the US, with some reports estimating it to be around $520 billion. The cost of living continues to rise, but would raising the minimum wage actually help?
Continue reading “$50 Minimum Wage?”
