Re "Wage hike will backfire" (Letters, Sept. 16): Predictably, several letter writers protested the proposed increase in California's minimum wage to $10 an hour. One letter writer cited 85 percent of the credible economic research saying increases unemployment, and raises prices.
But 85 percent of economic soothsayers did not foresee the Great Recession.
Meanwhile, Washington state, with the highest minimum wage at $9.19 has 6.9 percent unemployment. California's unemployment is 8.6 percent.
Many economists, perhaps even 85 percent, draw paychecks from the financial sector, whose schemes caused that Great Recession, so they may have trouble comprehending something when their salary depends on their lack of understanding.
Heartless tightwads can, and do, cite anything to squeeze the poor. Haven't we had enough heartlessness?
-- Mark Dempsey, Orangevale