LA politicians want to mandate prosperity. The $30 minimum wage proves they can’t

If you want to understand why businesses are leaving California, investors are looking elsewhere and common-sense economics seems to have disappeared from public policy, look no further than Los Angeles.

In a move that should surprise absolutely no one familiar with California politics, Los Angeles leaders approved a plan to push hotel and airport worker wages to $30 per hour. Supporters call it the "Olympic Wage," arguing that workers should benefit from the economic activity generated by the 2028 Summer Olympics.