As most readers have no doubt already heard, early last week I filed the text of an initiative that would raise California’s minimum wage to $12.00 per hour, a figure far higher than that of any state or city in America. The heavy resulting coverage in The New York Times and numerous other major media outlets demonstrates the timeliness and public resonance of the issue, which taken to a national level should boost the incomes of America’s lower-wage workers by well over $150 billion each year, a very sizeable amount.