Arnold: Raise Minimum Wage

Governor Schwarzenegger unfortunately seems to be steering a new, less business-friendly course which will negatively affect the growth of businesses and jobs in California.

If his suggested $1 per hour increase is implemented, California may have the highest minimum wage in the nation.

The move may be a pre-emptive strike, as the state legislature wants to raise the minimum wage to an even higher rate. However, I would prefer to see Arnold stand on principle and veto the legislature's bill if it passes. Such a position, however, might be politically unpopular with many California voters, and the governor's political capital is currently at low ebb.

Unfortunately the idea of letting a free market work seems to be a thing of the past, even for Republicans. And so more businesses will flee the state...