Independent thinking for complex markets and current events
California’s fast-food industry is undergoing a major shift with the implementation of a new minimum wage law, set to increase hourly wages for fast-food employees to 20 dollars. This significant hike, amounting to a 25% raise from the previous rate of 16 dollars, has sparked debates and concerns among restaurant owners, franchisees, and consumers alike. …
via Mike Shedlock Governor Gavin Newsom bragged of a surplus, but California is seriously underwater. The next recession will hit the state extremely hard. Golden State Budget Fantasy The City Journal founder Ed Ring comments on the Golden State Budget Fantasy While finalizing the upcoming fiscal year’s state budget back in May 2022, California governor Gavin …
This is blatant corruption! The California minimum wage increase conveniently spares Panera, owned by a buddy of Governor Gavin Newsom. The bill’s provision exempting fast-food joints baking bread on-site seems like a tailored loophole to benefit Newsom’s pal, Panera’s CEO Greg Flynn. This corrupt relationship between Newsom and Flynn raises serious ethical concerns and undermines …
“One might think that Californians would want regime change. After all, the state suffers from a $73 billion deficit, an unemployment rate among the nation’s highest, the highest percentage of residents living in poverty, a failed education system, and mounting business flight. That’s not to mention its massive net outmigration, with a net total of …
Undocumented migrants may soon get easier access to purchasing a home under a proposal put forward in California. In January, Joaquin Arambula, a California state assemblymember, introduced a bill that would expand the eligibility requirement for a state loan program and make loans for first-time buyers available to undocumented migrants. Though the original bill does …
By Martin Armstrong California is raising the minimum wage of fast food employees from $16 to $20 under the FAST Act. I have explained that raises to California’s minimum wage was restricted due to successful lobbying efforts on behalf of fast food establishments. The new law does include commercial fast food restaurants, excluding Panera Bread. …
https://twitter.com/Breaking911/status/1764373076572000338
Amid the push for electric vehicles (EVs), a proposed California bill is stirring controversy for reasons beyond the environmental narrative. Critics argue that it’s not about saving the planet but rather gaining control over people’s cars and lives. The bill, if passed, would mandate technology in cars preventing them from exceeding 10 miles per hour …
California’s GDP increased by 173%, but median household earnings only grew by 4% SINCE 1984-2024 https://t.co/AZAxWOj9dj — The Punisher (of Wall ST) (@GregCrennan) January 9, 2024
by confoundedinterest17 Yes, the US is engulfed in a fiscal inferno! US government debt is now bigger than the US economy. This was unseen until 2012 when debt surpassed GDP for the first time. In addition to almost $34 trillion in debt from our crazy spending, out-of-control government, we are on the hook for almost $213 TRILLION …
Anyone who thinks you can just magically force companies to pay a wage they can’t afford is a fool. Pizza Hut Fires Over 1,200 Drivers In California Before California's $20 Minimum Wage Comes Into Effect. More fast food firings are expected before April 1sthttps://t.co/DLQvZ0DJ0r pic.twitter.com/nIdBQE2eNc — California Globe (@CaliforniaGlobe) December 27, 2023 Multiple Pizza Hut …
California faces a record $68 billion deficit — here’s what is eating away at the Golden State’s coffers. California has also lost residents and businesses — and therefore, tax revenue — in recent years. The Golden State’s population declined for the first time in 2021, as it lost around 281,000 residents, according to the Public …
Gruesome Newsom Orders Commiefornia Spending Freeze Legal Insurrection readers may recall that I reported on California’s staggering $68 billion deficit, caused by an “unexpected” economic downturn. What is truly unexpected is that Gov. Gavin Newsom’s administration has just ordered a state spending freeze. In a memo sent across California agencies and departments this week, the director of …
Wouldn’t first the state have to prove that gender exists, and then define it? via washingtonexaminer: Parts of California are so downtrodden that people need to consult “ poop maps ” to avoid human feces while walking outside, homelessness is rampant in major cities, and the cost of living is out of control. But California’s state government thinks now …
The economic and demographic shifts in California present significant hurdles. The departure of high earners, as you pointed out, strains the tax base, with a small fraction of taxpayers now carrying a hefty portion of the state’s budget burden. The exit of over a million taxpayers and the purported replacement with what you describe as …
via theblaze Stellantis, one of the Big Three automobile manufacturers, recently announced massive impending layoffs and pointed blame, in part, at California, Fox Business reported. The Jeep parent company stated that 2,455 employees who work at the Detroit Assembly Complex, where the Jeep Grand Cherokee is produced, may be impacted. Approximately 1,225 workers at its Toledo Assembly …
via theguardian: A teenager from California’s Central Valley has become the youngest person to ever pass the state’s bar exam and is now working as a practicing attorney. The Tulare county district attorney’s office announced this week that Peter Park learned last month at 17 that he had passed the “rigorous exam” on his first …
The rise in California’s unemployment rate from 3.8% to 4.7% is concerning, and it’s an indicator that the overall U.S. unemployment rate may also see an increase in the near future. Focus on California. Unemployment in that state was 3.8% and is now up to 4.7%. The US unemployment rate will follow it. pic.twitter.com/8nbJXLqNMf — …
However, even though a $20 minimum wage is less extreme than a $22 minimum, California’s new fast food minimum wage will surpass the highest basic minimum wage in all other states—Washington DC’s $17 minimum wage is the closest to California’s new minimum for fast food workers. According to the Bureau of Labor Statistics, California fast …
California housing crisis: Tiny 4ft pods in San Francisco are rented for $900 per month – but resident claims you get ‘cool, hacker’ neighbors and the communal lounges ‘are actually nice’ The California housing crisis sparked a creative alternative living concept which gives you a 4ft pod and a communal living area for $900 a …
via powerlineblog: The New York Times was not happy about this climate narrative confounding story: It’s August. Californians Are Still Skiing. Don’t Ask. Two of the biggest ski resorts on Lake Tahoe were still hopping on the Fourth of July, a time of year when the mountains are usually full of wildflowers. Mammoth Mountain, 140 miles south …
California’s Unemployment Insurance (UI) Trust Fund that pays out state benefits is now “structurally insolvent,” according to a recent report. The Legislative Analyst’s Office noted the debt crisis involving the California Employment Development Department’s (EDD) UI trust fund on July 7. The state report was released following last week’s “May Fund Forecast” report by the …
What I witnessed in San Francisco was shocking and saddening, yet unsurprising. The failures of states like California are the direct result of a failed progressive, and woke, agenda. I’m running for president because decline is a choice, success is attainable, and freedom is worth fighting for. We cannot allow our country to descend into …
For context: the entire 1776-mile transcontinental railroad cost $1.2 Billion in today’s money. It was completed in 1869. — Austen Allred (@Austen) June 21, 2023
Democratic governor Gavin Newsom has admitted that California’s homelessness crisis is ‘a disgrace’ – but tried to blame Republicans for creating the situation. The Golden State is facing an opioid-fueled vagrancy epidemic, with cities like San Francisco and San Diego besieged with encampments and businesses shutting up shop. Newsom was grilled on the subject by …
