Posts Tagged: overtime
Binders and documents relating to wage information. (Photo: Tashatuvango, via Shutterstock)
The California minimum wage increase has been approved. The minimum wage will rise by $1 per hour through 2022, up to $15. There are significant costs to employers, both public and private, besides the $5-per-hour increase. Inflation is one of those costs. Let’s look at the real results and implications of what our elected officials have done to us and for themselves on many levels. And let’s find the unintended consequences.
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)
First CalPERS announced last year that it was cutting the eye-popping pension of a former city of Vernon official, Bruce Malkenhorst, from $551,688 a year to $115,848. Then yesterday the CalPERS board approved the recovery of a $3.5 million pension overpayment from Malkenhorst, 84, who retired in 2005 from the tiny industrial city south of downtown Los Angeles known for corruption.
Imagine being pick-pocketed every time you show up to work. For thousands of low-wage workers right here in the Bay Area, that’s the sad reality they face each day. Their employers, mega-corporations in the fast food industry, are illegally downsizing workers’ paychecks in much the same way they supersize a meal.