California minimum wage increased from $8 to $9 an hour. This shows up as an increase in the revenue of PES firms like BBSI. Of course not everyone is earning minimum wage, but raising the minimum tends to raise overall earnings. And assuming its costs stay the same, the profitability of BBSI will jump. That's how the accounting math works out.
The state mim. wage will increase another buck next year, so this is a multi-year "trend".
If the hourly pay increase because it is forced and not because the business can afford to, the profitability of the business will suffer. So your saying "the profitability of BBSI will jump" and I'm saying the profitability of the small business will decrease. I can't see how this helps BBSI for very long.
On 7/2 about 8 form 4's were filed, but I clicked on most of them and they seemd to be all just awards of restricted stock witih no actual purchasing of them. Nonetheless the stock has been up, up and away on 7/2 and 7/3 so... actually the stock is up from $46 to $54.71 just this week. ... and a 4-day week at that.