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Surprise! California’s 40 Qs of Rising Minimum Wage & Fast Food Industry Growth (Beating USA)

The Big Picture

Many fast food workers (specifically) got bumped to $20/hour, from $16, in April (the law is very specific about who is eligible for the increase). Over that decade, with its minimum wage rising, California’s fast food industry has bested the rest of the US by leaps and bounds. Our story began with a Wall St.

Food 306
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Fed Chair Powell: Economic Outlook "Uncertainty"

Calculated Risk

From Fed Chair Powell: Economic Outlook Despite elevated levels of uncertainty, the U.S. economy continues to be in a good place. Recent Economic Data Economic growth The economy has been growing at a solid pace. The labor market is solid, and inflation has moved closer to our 2 percent longer-run goal.

Economics 162
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Saturday links: a new economic hierarchy

Abnormal Returns

grist.org) Coastal economies will be hardest hit by cuts to NOAA. twopct.com) Food We are pouring increasing amounts of chemicals on our food crops. samknowlton.substack.com) Growing food, profitability, is tough even for billionaires. (frazerrice.com) Environment Heat and drought are hard to mitigate.

Economics 147
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Sunday links: money skepticism

Abnormal Returns

sherwood.news) Economy Real wages are still rising. econbrowser.com) The economic schedule for the coming week. seths.blog) The ten best books about food from 2024 including "Frostbite: How Refrigeration Changed Our Food, Our Planet and Ourselves" by Nicola Twilley. (vox.com) The SEC is paying out (big) to whistleblowers.

Math 173
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Want More Jobs? Raise the Minimum Wage

The Big Picture

The least contentious of which is that modest increases in minimum wages increase economic activity and create jobs. Perhaps even more surprising has been the wholesale abandonment of specific industries: Food service, retail, etc., It stays local and is likely to benefit the regional economy.

Food 364
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Review: Ten Economic Questions for 2022

Calculated Risk

At the end of each year, I post Ten Economic Questions for the following year (2022). As an example, when the pandemic hit, I switched from being mostly positive on the economy to calling a recession in early March 2020. percent year-over-year and the November PCE price index, excluding food and energy, increased 4.7

Economics 285
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Friday links: telling the tale

Abnormal Returns

fastcompany.com) Coke products are coming back to the Costco ($COST) food court. bigtechnology.com) Economy Sales of existing homes in the US hit their lowest level since 1995. calculatedriskblog.com) Earlier on Abnormal Returns Podcast links: basic economics. (wsj.com) More crypto ETFs are likely coming to market.

Food 147