[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…
Tag: jobs
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…
U.S. states where recession is a reality
[Source: Bloomberg Business] Dale Oxley doesn’t need to hear about rising odds of a U.S. recession to dread the future. For the West Virginia homebuilder, the downturn has already arrived. “Everyone is going to have to tighten their belts,” said Oxley, the 48-year-old owner of a Charleston-area construction company. “The next couple of years are Read More…
Los Angeles: city of losers?
[Source: NewGeography] When I arrived in Los Angeles four decades ago, it was clearly a city on the rise, practicing its lines on the way to becoming the dominant metropolis in North America. Today, the City of Angels and much of Southern California lag behind not only a resurgent New York City, but also L.A.’s longtime Read More…
9,000 companies left California over last 7 years
[Source: San Diego Business Journal] A study by Spectrum Location Solutions found that within the last seven years, 9,000 businesses left California in favor of other locations. San Diego rated No. 5 for the most losses; Los Angeles topped the list. The other counties with the highest number of disinvestments were Orange, Santa Clara, San Read More…