Jr. Saint Monica is the 4 th century mother of Augustine, who endured anguish while her son embraced sin and heresy before his conversion to sound doctrine. Santa Monica, California, is a fancy beach town that, for decades, has succumbed to every temptation against sound economic principles, and the latest outrage is going to cause anguish like never before.
Many businesses face the choice of either cutting the hours they are open or closing their doors.
About 50 such laws exist around the country but they all apply to government institutions and contractors. This is the first time in the US that such a law has been imposed against private business. That such a law is bad for business, and bad for employees, is incredibly obvious. The city council hasn t figured out the basic economic principle that the only way to raise wages over the long run is to allow the free market to work. Capital investment increases to correspond with consumer demand and businesses find themselves in a position to make higher bids for quality employees.