LOS ANGELES — The nation’s second-largest city voted Tuesday to increase its minimum wage from $9 an hour to $15 an hour by 2020, in what is perhaps the most significant victory so far for labor groups and their allies who are engaged in a national push to raise the minimum wage.

The increase, which the City Council passed in a 14-to-1 vote, comes as workers across the country are rallying for higher wages and several large companies, including Facebook and Walmart, have moved to raise their lowest wages. Several other cities, including San Francisco, Chicago, Seattle and Oakland, Calif., have already approved increases, and dozens more are considering doing the same. In 2014, a number of Republican-leaning states like Alaska and South Dakota also raised their state-level minimum wages by ballot initiative.

The effect is likely to be particularly strong in Los Angeles, where, according to some estimates, almost 50 percent of the city’s work force earns less than $15 an hour. Under the plan approved Tuesday, the minimum wage will rise over five years...
http://www.nytimes.com/2015/05/20/us...5-an-hour.html

It looks like the GGTs of the world got their wish, at least in LA. If the goal of this bill is to discourage people from getting a college education (after all, an entry-level white collar job will now pay as much as a job in McDonald's), mission accomplished. If the goal is to double the unemployment rate amongst the unskilled, this will be a great success. If the goal is massive capital flight, LA is going to be an American trailblazer. I really hope that this gets implemented as is (instead of being watered down) just so we can see how far a city can fall from stupidity.