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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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America’s Enormous Math Mistake’s Mistake

The Big Picture

@TBPInvictus here; Let’s cut to the chase : A popular video on YouTube claims the poor are much less poor than the official statistics suggest because those statistics ignore government welfare programs like Food Stamps and Aid to Dependant Children and lots of other safety net programs. ” Was this ignorance? Sheer stupidity?

Math 246
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Sunday links: money skepticism

Abnormal Returns

on.spdji.com) It's hard to make the math on hedge funds add up. nytimes.com) Budgeting When you do the math, it's hard to find trillions to save in the federal budget. prospect.org) The math on mass deportation doesn't add up. Markets The S&P 500 returned 5.87% in November 2024. Just ask Norway. theatlantic.com)

Math 173
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Why Hasn’t the California Globe Retracted Its Story?

The Big Picture

Right up top, we have the lede: Earlier in June, the Globe reported that California has lost just under 10,000 fast food jobs since the new $20 minimum wage for fast food employees was first signed into law late last year, according to the California Business and Industrial Alliance (CABIA). That’s not even math. ”) Gov.

Food 338
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Seattle Redux: Misunderstanding Seasonal Adjustments

The Big Picture

What followed in the immediate aftermath of both the announcement and implementation was nothing less than a apocalyptic, collective head explosion on the right about the devastating effects the increase would have, particularly in the food services sector: However, there’s little doubt that the city’s heralded food scene is running scared.

Food 336
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Dollars Are For Spending & Investing, Not Saving

The Big Picture

That comp gets deposited directly into my bank account, and that money is available for purchasing necessities (food, housing, clothing, medicine, transportation, etc.) Whether it’s a few decades or a century, the math works the same. to buy that dollar of 1999 food. and paying taxes. Back to our colorful chart at top.

Investing 340
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Personal finance links: inevitable course corrections

Abnormal Returns

(awealthofcommonsense.com) Home buying math is bad right now, but will it be any better a year from now? awealthofcommonsense.com) Ten tips for a better life including 'Give up fast food/prepared meals.' bloomberg.com) Personal finance Things to do before pulling the plug on your job and retiring. moneytalks101.substack.com)

Math 245