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LA Proposes DOUBLING Construction Wages While Having Housing Crisis - Policy MELTDOWN
Here we go again with LA City Council's latest stroke of genius - nearly doubling construction worker minimum wages from $18 to $32.35 an hour while simultaneously crying about a housing shortage. Is anyone surprised that the same city council members who've never run a business think they can magically solve housing costs by making it twice as expensive to build? This brilliant plan covers mid-sized apartment buildings (10+ units, up to 85 feet) - exactly the housing LA desperately needs.
We break down how this "workers of the world unite" mentality will drive construction companies straight out of LA to neighboring areas where labor costs half as much. Previous research already shows labor agreements increase construction costs and reduce apartment supply, but why let facts get in the way of good socialist virtue signaling?
Remember when Seattle tried this with Starbucks workers? How did that work out when the stores started closing? What could possibly go wrong when you actively disincentivize the very industry you need most? Will LA's half-million new home mandate by 2029 become even more impossible?
Let me know in the comments - should we just let them bump it to $50 an hour and watch the fireworks? Don't forget to subscribe for more government accountability insanity!
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