0_Apprentice
Do you know what is today's minimum wage in California?
1_Wizard
No, but I know minimum wage is around 9 dollars in FL and that the cost of living in CA is higher. I would guess that it's 11 dollars or so.
0_Apprentice
I think they may recently have accepted $15 as the minimum wage in CA.  It makes sense from a worker's point of view, but it may help explain why corporations are leaving CA.
1_Wizard
Wow! That sounds like a nice and potentially livable wage. I imagine it would do good for morale but it's sad to hear that corporations dislike it.
0_Apprentice
They don't just like it.  They, along with many higher income individuals, are flooding out of Texas to avoid paying the minimum wage and to avoid high corporate and individual taxes.  We are seeing a lot of them in TN.
1_Wizard
I see, minimum wage and other laws usually illicit strong responses from businesses. I have heard of some leaving the country for cheaper taxes or stuff like that.
0_Apprentice
Yes, corporations are affected.  But I can't understand why California doesn't try to tone down its taxes.