Governor Moonbeam,b/k/a Edmund “Jerry” Brown just instituted a job lottery in California, from ABC News [1]:
A political deal to raise California’s minimum wage to a nation-leading $15 an hour could help some workers cope with the state’s crushing cost of living but also deprive other low-wage earners of jobs altogether, economists said as Gov. Jerry Brown and other leaders touted what would be a landmark agreement.
California’s economy is larger than that of most countries, with a wide diversity of earners. While newly minted millionaires gentrify neighborhoods in the San Francisco Bay Area, some Central Valley field hands lack access to clean water. A jump from the current $10 an hour spread over six years would affect millions.
Who will win and who will lose Governor Moonbeam’s job lottery? The effects of the lottery will not be random but rather rigged. Those who need the raise the least, government and unionized leaders will stand to win, while those who need the money most, the young and the poor, will be the ones out of a job. I wonder when the clamor will begin to increase California welfare payments?