[Source: Orange County Register] The OC center of innovation, technology and creativity is an employment powerhouse. By night, 250,000 people call the dynamic and diverse city of Irvine home. By day, that number more than doubles. Irvine is the region’s job engine, and it’s a shiny, high-tech one that attracts a highly educated, highly skilled Read More…
Tag: economy
California suburbs are growing, despite lack of housing
[Source: Los Angeles Daily News] Big cities are growing, but so are the suburbs, where the region’s population is flocking for a slim supply of available housing, according to an annual state report released Monday. The Golden State’s population expanded to 39.3 million residents, an increase of just less than 1 percent with Los Angeles, Read More…
The cumulative cost of regulations
[Source: Mercatus Center- George Mason University] The impact of regulation on economic growth has been widely studied, but most research has focused on a narrow set of regulations, industries, or both. These studies typically rely on regulatory indexes that measure subsets of all regulation, on country-to-country comparisons, on short time spans, or on surveys in Read More…
Expanded paid sick leave mandate moving forward in L.A.
[Source: Los Angeles Business Journal] The city of Los Angeles is a step closer to requiring all employers to provide six days of paid sick leave to their workers, three days more than mandated under state law. The City Council’s economic development committee voted unanimously Tuesday afternoon to forward the recommendation for three additional days Read More…
Mr. Trump: America’s economic problem is regulation, not trade
[Source: The American Spectator] It is important to point out who and what are really to blame. Even when Donald Trump seems to get something right, he’s mostly wrong. At least when it comes to economics. Many Americans are suffering financially. Yet he hates trade, even though Americans have grown rich as a trading nation. Read More…
California lawmakers weigh nation’s highest entry level wage
[Source: Associated Press] California state lawmakers are poised to enact the nation’s highest statewide minimum wage on Thursday, with gradual increases to $15 by 2022. Gov. Jerry Brown and Democratic legislative leaders are promoting the boost as a matter of economic justice, and as an example to a nation struggling with a growing divide between Read More…
California Assembly OKs measure to raise minimum wage to $15
[Source: ABC News] The California Assembly on Thursday green-lighted a plan that would create the highest statewide minimum wage in the nation of $15 an hour by 2022. The proposal now moves on to the state Senate for consideration. The state of New York is considering a similar measure. Gov. Jerry Brown and Democrats who Read More…
Wage hike would cost California taxpayers $3.6B
[Source: Orange County Register] A legislative analysis says raising the minimum wage in California to the highest statewide level in the nation would eventually cost taxpayers an additional $3.6 billion a year in higher pay for government employees. The estimate was released Wednesday as an Assembly committee considers boosting the entry-level wage to $15 an Read More…
California’s $15/hour wage could help workers, cost jobs
[Source: Associated Press] A political deal to raise California’s minimum wage to a nation-leading $15 an hour could help some workers cope with the state’s crushing cost of living but also deprive other low-wage earners of jobs altogether, economists said Monday as Gov. Jerry Brown and other leaders touted what would be a landmark agreement. Read More…