I support the minimum wage increase, my only caveat is that local conditions be taken into consideration. The federal government sort of did that by raising the wage $0.50 per year vs $1.00 per year, but that probably wasn't enough. I'm not an economist though, so what do I know?
I do know that many of our local leaders are dead set against it. Under the current plan it will take 7 years before the local minimum wage equals the federal minimum wage. Our local leaders say that is too much and too fast.
However, doubling the residential electricity rates overnight is fine.
The Legislature had capped the price of electricity at $0.176 per kWh. That price didn't even cover the cost of fuel. The utility was losing money, so something had to be done.
We have a price structure where the less electricity you use, the lower your rate. The price for consumers who use less that 500 kWh in a month (like me) is now $0.373 per kWh. For users that use less than 1000 kWh the price is now $0.423 per kWh, for users that use less than 2000 kWh the price is now $0.443 per kWh, and for users that use over 2000 kWh the price is now $0.484 per kWh.
We knew this was coming, but I see a definite double standard here. Both the minimum wage and the price of electricity will have ramifications for our economy and our way of life. Both had to go up, but seven years is too fast for one and overnight is no problem for the other.
The power went out as I was typing this. My apartment has a generator, so it came back on five minutes later.