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Debunking QSR Minimum Wage BS: A Follow Up

The Big Picture

I wrote: It appears to me that the Journal got that number from BLS. His headline is classic: The fast-food industry claims the California minimum wage law is costing jobs. Its numbers are fake. Source : The fast-food industry claims the California minimum wage law is costing jobs. Its numbers are fake.

Food 300
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UPDATE: New CA QSR Min Wage Study. A Victory Lap.

The Big Picture

@TBPInvictus here: If you’re not aware of the brouhaha that was stirred about a year or so ago when CA Gov Gavin Newsom signed into law (taking effect April 1, 2024) a new $20 minimum wage for so-called “limited service” (a/k/a fast food or QSR) restaurant workers, read up here , here , or here. Its numbers are fake.

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Sunday links: forecasting accuracy

Abnormal Returns

(gothamgal.com) 15 states have rejected a new, federally funded summer program to give food assistance to hungry children. washingtonpost.com) Measuring economic inequality is harder than it looks. washingtonpost.com) The number of American centenarians is set to quadruple. pewresearch.org) Who get theirs rough roads repaved?

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2 Ways the 2022 Economic Woes Affected Your Retirement Accounts

Integrity Financial Planning

The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. Americans and the world at large dealt with the economic ramifications of the Russia-Ukraine war, post-pandemic industrial effects, and rising inflation and interest rates. 1] However, in 2022, this number spiked to 9.1% 1] [link].

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At the Money: Can You Have Too Much Money?

The Big Picture

Our relationship with money is complicated: Speak to someone at the bottom of the economic ladder and they will tell you in no uncertain terms that a lack of money can lead to misery; but speak to enough millionaires and billionaires and it’s pretty clear that money doesn’t automatically lead to happiness.

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Saturday links: making the switch

Abnormal Returns

nytimes.com) Long-term renewable energy storage is needed, but the economics are uncertain. nytimes.com) How financial incentives are driving the rising number of bee colonies. wapo.st) Food Chick-fil-A is going to reintroduce chicken treated with antibiotics. (nytimes.com) Energy The U.S.

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2023 economic and market outlook: The narrative shifts

Nationwide Financial

economy appears to be in the late stage of expansion, with strong economic activity but labor and supply chains remain constrained. in November and a wide gap between the number of job openings and unemployed persons seeking work, roughly two-to-one, according to the most recent data release. Responding to recession risks.