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UC Berkeley Touts $15 Minimum Wage Law, Then Fires Hundreds Of Workers After It Passes
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UC Berkeley Touts $15 Minimum Wage Law, Then Fires Hundreds Of Workers After It Passes

By Investors.Com | April 21, 2016

Labor Markets: Hundreds of employees at the University of California at Berkeley are getting schooled in basic economics, as the $15 minimum wage just cost them their jobs. Too bad liberal elites “fighting for $15” don’t get it.

A week after California Gov. Jerry Brown signed the state’s $15 minimum wage boost into law, UC Berkeley Chancellor Nicholas Dirks sent a memo to employees announcing that 500 jobs were getting cut.

Coincidence? Not really.

Last year, University of California President Janet Napolitano announced plans to boost its minimum wage to $15 at the start of next school year, independent of the state law. Since UC Berkeley was already in financial trouble — it ran a $109 million deficit last year and is projecting a deficit of $150 million this year — number crunchers there had to have factored in the higher mandated wage when making their layoff decisions.

Those workers might want to have a chat with the folks at UC Berkeley’s Center for Labor Research, who just days before Brown signed the wage-hike bill released a study touting the minimum wage as a boon to low-income household breadwinners.

After that report came out, Ken Jacobs, chairman of the UC Berkeley center, told the Los Angeles Times, “This is a very big deal for low-wage workers in California, for their families and for their children.”

It is a big deal, as well, to those soon to be out of work UC Berkeley workers.

Read More…

By Investors.Com | April 21, 2016 Labor Markets: Hundreds of employees at the University of California at Berkeley are getting schooled in basic economics, as the $15 minimum wage just cost them their jobs. Too bad liberal elites “fighting for $15” don’t get it. A week after California Gov. Jerry Brown signed the state’s $15 minimum wage boost into law, UC Berkeley Chancellor Nicholas Dirks sent a memo to employees announcing that 500 jobs were getting cut. Coincidence? Not really. Last year, University of California President Janet Napolitano announced plans to boost its minimum wage to $15 at the start of next school year, independent…

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About Stuart Webb

Stuart Webb is an activist, citizen journalist as well as entrepreneur. Stuart's educational background is self education, common sense, the U.S. Constitution and is currently studying at BYU Idaho working towards a degree in Accounting then Law. He currently works full time at a marketing company in Fresno, California. Stuart is the Co-Owner/CEO/Editor of Weaponized News.

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