Tue, Sep 16, 2014, 3:40 PM EDT - U.S. Markets close in 20 mins.


% | $
Quotes you view appear here for quick access.

Deere & Company Message Board

  • bluecheese4u bluecheese4u Sep 12, 2013 10:27 PM Flag

    California Legislature poised to raise minimum wage from $8 to $10

    California Legislature poised to raise minimum wage from $8 to $10

    By Josh Richman and Mike Rosenberg
    Staff Writers
    POSTED: 09/12/2013 06:18:14 PM PDT | UPDATED: ABOUT 2 HOURS AGO

    SACRAMENTO — In the final hours of its 2013 regular session, the Legislature was poised late Thursday to raise California's minimum wage higher than any other state's -- either a boon to struggling workers or a job-killer, depending on one's point of view.

    The state Senate voted 26-11 to pass Assembly Bill 10 by Assemblyman Luis Alejo, D-Salinas, will raise the minimum wage from $8 per hour today to $9 per hour effective July 1, 2014, and then to $10 per hour effective January 1, 2016. The Assembly was expected to concur in the Senate's amendments later Thursday.

    Gov. Jerry Brown usually doesn't comment on bills until they reach his desk, but he issued a joint statement with Democratic Legislative leaders Wednesday signaling that he'll sign this one. "The minimum wage has not kept pace with rising costs," he said. "This legislation is overdue and will help families that are struggling in this harsh economy."

    Republican lawmakers and business groups voiced their dismay. Sen. Steve Knight, R-Antelope Valley, noted that the bill would catapult California past Washington state, which now leads all states with a $9.19-per-hour minimum wage.

    "Obviously there's a tipping point: You can't pay people so much that industry is going to automate jobs or that industry is going to say there are no jobs," he said. "We are still in a recession... and it's tough to get a job out there"

    The Senate also voted 28-8 to pass Alejo's AB60, which would let undocumented immigrants get driver's licenses. But the Assembly never took a concurrence vote: With some unions and other groups complaining that such licenses would be marked as different than others, Alejo let the bill go for this session and will revive it in January.

    The Legislature aimed to finish a full day early -- the session technica

82.98+0.300(+0.36%)3:40 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.