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Los Angeles is hosting the 2028 Summer Olympics. The games were awarded to the city back in 2017 and since then it is preparing for the arrival of tens of thousands of visitors. They city was already struggling a bit because of the deadly wildfires which destroyed significant portions of two neighborhoods in January.No one is suggesting that the Games be postponed or canceled in response to the fires. But there is rising concern that an already difficult endeavor for both Los Angeles, the main host city, and LA2028, the private committee in charge of raising most of the money...

Across Europe, the job market has been shifting, leading to an uncomfortable situation for the younger generation. Gen Z workers born between 1997 and 2012 enter jobs faster than any cohort before them, but they leave them faster and often not by choice. A recent study reveals that Gen Z employees are terminated at noticeably higher rates than older generations. However, a deeper and more systemic issue is breaking down between generations, expectations, and what is actually termed “professional” in 2025. And Europe is struggling with inflation, stagnant wages, and a post-pandemic reckoning that may be the perfect storm for...

When Los Angeles City Council members took up a plan to hike the wages of tourism workers this week, they received some carefully worded advice from city lawyers: Don’t vote on this yet.Senior Assistant City Atty. Michael J. Dundas advised them on Wednesday — deep into their meeting — that his office had not yet conducted a final legal review of the flurry of last-minute changes they requested earlier in the day.Dundas recommended that the council delay its vote for two days to comply with the Ralph M. Brown Act, the state’s open meeting law.“We advise that the posted agenda...

Inflation poses severe challenges for emerging market economies. The latest example is in Peru, where social unrest spreads across the country, forcing the government to impose a curfew in the capital, Lima, on Tuesday, according to Reuters. “The cabinet has agreed to declare a ban on the mobility of citizens from 2 a.m. through 11:59 p.m. of Tuesday, April 5, to protect the fundamental rights of all people,” Peruvian President Pedro Castillo said in a live broadcast last night. The South American country was already struggling before commodity prices jumped to record highs because of the Ukraine invasion and virus...

New research published by Pepperdine University is attempting to settle the debate over whether boosting the minimum wage for fast-food workers in California to $20 an hour has cost jobs. The study, released on April 1 to coincide with the one-year anniversary of AB 1228, cites recent data from the California Employment Development Department, showing a “significant” decline of over 23,100 jobs. At the same time, fast-food employment grew by 0.8% nationwide, researchers said. The other outcome is that customers are paying more for their burgers, chicken strips, French fries and tacos than before. Many fast-food chains began raising prices...

@JohnStossel @SenSanders say America should become more like Sweden. I agree. Sweden has a private pension system, school vouchers, and no minimum wage law Clip...

(CNN) -- In her race to defeat Senate Republican Leader Mitch McConnell, Alison Lundergan Grimes has barnstormed Kentucky, talking up her support for raising the minimum wage and criticizing the GOP's so-called war on women. But the restaurant owned by Grimes' family doesn't always practice what she preaches, and Kentucky Republicans have been happy to point that out. .... But minimum wage isn't the only issue dogging Grimes' family business. Hugh Jass Burgers -- say it out loud to get the joke -- has menu items like "Charlotte's Rack, sure to be voted biggest rack" named after Grimes' mom and...

The number of restaurants in the Emerald City could drop by up to 8% this year.. Seattle’s new $20 minimum wage for 2025 has caused a 6th restaurant to close since the new year. Pike Place Market bakery The Confectional closed on Sunday after 18 years in business. ... Owner Destiny Sund told KIRO News Radio, “I wanted my team to have a wonderful holiday season, so I didn’t mention to them that we would be closing until after New Year’s Day. So this has been a long week for all of us at The Confectional.” The minimum wage for...

The owner of a popular waffle shop in West Seattle said she had no choice but to shut down her business after the city’s new minimum wage law went into effect on New Year’s Day — hiking hourly pay to $20.76. Bebop Waffle Shop, which was founded by a former New York City resident more than a decade ago, closed its doors for good on Monday. “I’ve cried every day,” Corina Luckenbach, the waffle shop owner, told Fox 13 TV. Luckenbach, who founded Bebop more than 10 years ago after relocating from New York to the Emerald City, said that...

A host of new laws went into effect in California Wednesday, including a statewide minimum wage boost to $16.50 an hour. While that’s the new floor for hourly pay, many Bay Area cities have set their own mandatory wage rates that are above the state minimum — and workers in some of those cities will see their own bump in pay come Jan. 1. This means that a raise could now be just a town away. According to the Bay Area Labor Center, some 25 local cities raised their minimum wages this year. Interestingly, a number of those cities sit...

Businesses are already shutting down over the new law. Democratic Rep. Pramila Jayapal of Washington state celebrated the passage of a massive minimum-wage hike in the city of Seattle, but many on social media responded with ridicule and mockery. The far-left government in Seattle jacked up the minimum wage on all businesses beginning the first of January. Some businesses are already shutting down after calculating that the law would force them into insolvency. 'Leftists are blocking opportunity. Again. It's what you authoritarian thugs do best.' "Yesterday, Seattle’s minimum wage officially rose to $20.76 per hour — one of the highest...

From tomorrow, the minimum wage will increase by 80 cent to €13.50 per hour, directly benefiting an estimated 195,000 workers. However, many small businesses are warning it will be the latest in a series of cost increases and that ultimately it could be the consumer that will have to pay in the form of higher prices. Mark O’Keeffe runs the Brown Sugar hair salons in Dublin. “This is another increase in the minimum wage and it means it has gone up by 36% since 2020,” Mr. O’Keeffe said. “It’s becoming very challenging for us to absorb because to have deal...

Last Saturday, I poured wine, greeted regulars and strangers and bused tables at Contento, the restaurant I co-owned in East Harlem, for the last time. After more than three years of service, during which The New York Times ranked us twice among the 100 Best Restaurants in New York City and the Michelin Guide gave me its sommelier award, I had to say goodbye to my talented staff and lifelong dream of owning a restaurant. The combination of inflation, rising crime that required us to pay for security guards and declining profits simply proved insurmountable.I’m crushed that we had to...

New Year’s Day brings a rise in the minimum hourly wage in nearly half of the states in the U.S., and 48 counties, though some economists warn that the mandated raises could hurt small businesses and overall employment levels. Fox Business reported: “An analysis by The Economic Policy Institute says 21 states will raise their minimum wage at the first of the year, along with 48 cities and counties that are lifting their pay floors above their respective state minimums – mostly in California, Colorado and Washington.” The Wall Street Journal editorial page took a skeptical view of the changes,...

Residents in Seattle, Washington, plan to stop tipping as a minimum wage hike in the Democrat-run city looms. The city’s minimum wage is supposed to go from $19.97 to $20.76 an hour on January 1, the Daily Mail reported on Friday. Tipping workers on top of the approaching hourly rate hike does not appear to be a popular idea with some residents who have said they will no longer be shelling out the extra money for workers. The Mail article continued: One user who shared a Reddit post on the wage hike, which has picked up steam in the local...

(The Center Square) - Los Angeles City council voted to pass a $30 minimum wage for hotel and airport workers, along with an additional healthcare benefit starting at $8.35 per hour for employees of businesses that do not provide health insurance. Businesses say the large spike in wages will lead to closures, scaling back employees, and hotels backing out of agreements put in place for the 2028 Olympics — and could threaten the city budget.... Hotels say the new wage increase is unaffordable, especially with income for many hotels flat as other costs rise, and could leave some with no...

The Los Angeles City Council voted Wednesday in favor of raising the hourly minimum wage for tourism workers (including airport and hotel workers) gradually to $30 by 2028.

During a portion of an interview with NBC News Senior Washington Correspondent Hallie Jackson that was aired on Tuesday’s broadcast of “NBC Nightly News,” 2024 Democratic presidential candidate Vice President Kamala Harris said that she thinks the federal minimum wage should be “at least $15 an hour.” But she’ll work with Congress on the issue since the issue will go through Congress. During a report on her interview with Harris, Jackson said, “And on the campaign trail, she criticized former President Trump on minimum wage after he avoided saying whether it should be raised while campaigning at a McDonald’s.” Jackson...

It's official! - Robots are replacing humans. Chipotle restaurants in California have introduced two robots to replace human workers in an effort to slash labor costs in response to the state-mandated $20 minimum wage. The first robot called the "autocato" can peel, stone, and cut an avocado, and then turn it into guacamole in 26 seconds. The other robot dubbed the "digital makeline" has the ability to portion salads and bowls based on orders from the mobile app. The robots are part of an automation push that Chipotle's executives think could reduce the number of employees and help lower rising...

Popular grocery store chain Aldi announced on September 4 that it is raising its minimum wage to $18 and $23 an hour due to the company’s growth. Aldi’s press release further noted that it is looking to hire more than 13,000 store and warehouse workers nationwide as the holidays approach and the company opens additional stores. The announcement continued: Known for its commitment to competitive compensation, the new national average starting wages for open ALDI store and warehouse positions will be $18 and $23 per hour, respectively, based on market and position. At ALDI, those working more than 30 hours...