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The incredible, shrinking minimum wage

To the editor: Neither Daniel Flaming nor Edward Leamer mention the obvious when it comes to increasing L.A.'s minimum wage: In 1968, California's minimum wage was $1.65 an hour, or about $286 monthly (if employment ran 12 months with no layoffs). My nice studio apartment in Corona del Mar was $85 a month. Gas was 25 cents a gallon, and a young adult's health insurance was around $30 a month. ("Raising the minimum wage: Would it help or hurt L.A.?," Op-Ed, Oct. 11) Now, most nice studio apartments in Newport Beach and Irvine start at about $1,300. Food, gas, and healthcare also have all inflated. At $15 an hour (just $2,600 a month, less payroll taxes), rent...

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