Tuesday, August 23, 2016

California's Minimum Wage Driving Force Behind Migration of Capital

News
California's minimum wage, the great leveler of humanity to the public rising the living wage to $20 in 2020, is also known to the minority willing to think outside society's norms as the jobs destroyer. Companies competing within the world economic rarely survive the burden (higher costs) of domestic policy agendas.




Headline: American Apparel is said to be considering moving manufacturing out of California

Struggling retailer American Apparel is eyeing a move out of its downtown Los Angeles manufacturing facility for a lower-wage part of the country, according to two sources familiar with the company.

The Los Angeles clothing maker, which emerged from bankruptcy in February, is contemplating a move to a state such as Tennessee, North Carolina or South Carolina, where the minimum wage is $7.25, said one source, who requested anonymity due to pending litigation. That would be a significant savings once California’s minimum wage climbs to $15 an hour in 2020.


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