UntoldSpirit said:
Is that actually Bob Odenkirk? How is Hilton getting away with that?
Quote:
On Jan. 1, 2027, it will jump from $16.90 per hour to $17.40, higher than any statewide minimum wage currently in effect. (In a few cities, the minimum wage is already $20 an hour and in many others it's dangerously close to that mark.)
At $16.90 an hour, California has one of the nation's highest state minimum wage rates. At the same time, California's jobless rate was 5.2%, in Junetied with Connecticut, Oregon and Washington for highest rate among the states, and a full percentage point above the 4.2% national rate. It's roughly the same rate at the start of the year, 5.4%.
When wage floors are raised by government, job loss follows. There's no better example than the (so far unlearned) lessons of Assembly Bill 1228, which went into effect in April 2024. The legislation set the minimum wage for fast-food workers at chains with more than 60 locations nationwide to $20 an hour and wiped out 18,000 jobs, according to a paper from the National Bureau of Economic Research.
Prices moved higher, too. Berkeley Research Group found that menu prices at California fast-food restaurants rose 14.5% between September 2023 and October 2024, compared with 8.2% nationally. A separate NBER study estimated that California food-away-from-home prices rose roughly 3.3% to 3.6% relative to comparable metropolitan areas following the law.
UntoldSpirit said:
Is that actually Bob Odenkirk? How is Hilton getting away with that?
Moe Jzyslak said:
AI Slop
backintexas2013 said:Moe Jzyslak said:
AI Slop
Solid post. Very informative. Do you have a newsletter we can subscribe to?
