Job Migration News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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. ai...

>> 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...

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 mor...

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 d...

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 busin...