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Overlitigation causes job migration to other countries. we are going the see the job migration and we already are coming back to the united states because we ve set the table for a business banquet. there s a wonderful story, yet another new york restaurant closing because of overregulation. they can t beat the business environment. they can beat their competitors but the number one competitor in business today is not the competition, the number one competitor is government and i think donald trump is going to make dramatic changes and change the rules, that s got to happen in this country. ainsley: to a lot of republicans it sounds promising, he just hopes donald trump is not disappointed. president bush try today reset and listen to this. this is pretty interesting because the democrats are saying they can t believe donald trump is doing this but hillary clinton back in 2009 she also ....
ultimately, as you cycle through it all, more tax revenue to los angeles? lawrence, there s going to be $6 billion a year coming in to the pockets of los angeles workers and being spent in the regional economy. low wage workers don t take vacations to bermuda, they don t invest in the stock market, they don t squirrel their money away. they spent it and they spend it here. in local businesses, especially in small businesses in the area. so there will be a positive mitigating effect on the economy that will, i think, be at least as great as any potential job migration. didn t you also vote to actually peg this to inflation in the future? so you ll have even automatic increases. it kicks in in 2020, the cpi will kick in to regulate it on a predictable basis and, you know, the council still has the liberty of taking action to speed up, reduce or continue. ....
That s why we re taking a go slow approach. you re raising it about $1.25 a year. about. but we get to $15 in five years for large employers. a year after that for smaller employers. that gives businesses enough time to be able to adjust so that you won t have significant job loss. they can change their business models. they can change pricing structures and so on. so we ll maximize the benefit for the working poor wile we re minimizing the adverse impact to businesses. look, the the job loss here is a little peculiar because what you probably have is job migration. isn t it more likely that to move the business over to glendale so the personal doesn t actually lose their job? so let me speak to that, if i might. okay, go ahead. you said something very important earlier in the discussion that 30 states 29 states and the district of columbia and something like 15 cities have adopted higher minimum wages. ....
Particular district in order to avoid the minimum wage. in many cases because they need to be near their customers. right. and we think that history has shown that in fact higher wages means more productivity means less turnover. and so there s some benefits to the employer, as well. ultimately as you cycle through it all, more tax revenue to los angeles? lawrence there s going to be $6 billion a year coming in to the pockets of los angeles workers and being spent in the regional economy. low wage workers don t take vacations to bermuda, they don t invest in the stock market they don t squirrel their money away. they spent it and they spend it here. in local businesses especially in small businesses in the area. so there will be a positive mitigating effect on the economy that will, i think, be at least as great as any potential job migration. didn t you also vote to actually peg this to inflation in the future? so you ll have even automatic ....
To jobs? well you know one of the important things about the process that the council went through is to do it methodically, to do it thoughtfully. and the chairman said we have these economic reports that show that around the edges there may be some adverse impacts on some jobs. that s why we re taking a go slow approach. you re raising it about $1.25 a year. about. but we get to $15 in five years for large employers. a year after that for smaller employers. that gives businesses enough time to be able to adjust so that you won t have significant job loss. they can change their business models. they can change pricing structures and so on. so we ll maximize the benefit for the working poor wile we re minimizing the adverse impact to businesses. look, the the job loss here is a little peculiar because what you probably have is job migration. isn t it more likely that to move the business over to glendale so the personal doesn t actually lose their job? ....