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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.
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). Baby steps. No, dear reader. They have not.
Before the CPI report was released, I wrote: Why Year-over-year Headline Inflation will Decline Sharply in May and June The key point was that energy and food prices soared in May and June 2022, and as those data points are removed from the year-over-year calculation, the YoY change will decline sharply.
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.
This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. 8:30 AM: The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of -2.0, down from 5.7.
This is very likely for both CPI and the PCE price index since energy and food prices soared in May and June 2022. However, core inflation does not include food and energy, so we won't see as dramatic a decline in core CPI and core PCE. in May, 3.2% This shows the large increases in May and June 2022 for CPI and the PCE price index.
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.
@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 $20 minimum wage for so-called “limited service” (a/k/a fast food or QSR) restaurant workers, read up here , here , or here. Its numbers are fake.
prior month), the big number is not so big: 5.0% Note the food at home index fell 0.3% Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment. April 2023 ) As much as I want to jump up and down about 0.1% seasonally adjusted (after a 0.4%
mrzepczynski.blogspot.com) Apple New Apple ($AAPL) features could 'Sherlock' a number of third party apps. bonddad.blogspot.com) Food is no longer a big part of inflation. (sherwood.news) Commercial real estate Where distressed office building transactions are taking place. nytimes.com) Office CMBS default rates are soaring.
This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. -- Wednesday, September 18th -- 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
bakadesuyo.com) Numbers are persuasive up to a point. wsj.com) Food Egg producers are rapidly transitioning to cage-free operations. fooddive.com) The success story that is Siete Foods. (wired.com) What happens when a connected device is no longer supported. arstechnica.com) In praise of taking photos without the help of AI.
Transport Electric school buses have a number of advantages. theatlantic.com) Are fresh foods better for your dog? wsj.com) Food The ideal dinnertime is 3-4 hours before bedtime. newsletter.abnormalreturns.com) Mixed media The increasing number of satellites are messing with Earth-based astronomy. cannabis business.
(gothamgal.com) 15 states have rejected a new, federally funded summer program to give food assistance to hungry children. washingtonpost.com) The number of American centenarians is set to quadruple. washingtonpost.com) Measuring economic inequality is harder than it looks. pewresearch.org) Who get theirs rough roads repaved?
wsj.com) On the relationship between the number of children you have and longevity. theatlantic.com) FoodFood waste is an underappreciated cause of climate change. fastcompany.com) Why food halls are popping up seemingly everywhere. scientificamerican.com) The number of jump scares in horror movies are trending down.
marginalrevolution.com) Pregnancy The number of calories needed to fuel a pregnancy is much higher than earlier thought. theconversation.com) Food How raw milk became a cultural touchstone. nytimes.com) Fast food dining rooms are on their way out. (bloomberg.com) Guardant's colon cancer test Shield is nearing FDA approval.
wsj.com) TSA numbers show continued strong travel demand. parentdata.org) Food Why olive oil prices are soaring. thecooldown.com) Dr. Pepper has passed Pepsi for number two on the U.S. newsletter.abnormalreturns.com) Mixed media The case for immersing yourself in a number of books on a topic at the same time.
” A : Money is NOT a store of value to be useful, a dollar must maintain its value long enough for me to pay my rent or mortgage, buy food and energy, fund my entertainment and travel, pay my taxes, and get invested. Can you elaborate on how people misunderstand the very purpose of currency? It does that splendidly.
wsj.com) Manatee numbers in Florida are stabilizing. freethink.com) Why won't the FDA approve intranasal epinephrine for food allergies? wsj.com) Food Matt Reynolds, "What you eat is generally much, much more important than where you source it from." (arstechnica.com) Energy 40% of U.S.
nytimes.com) Chinook salmon fishing off the California coast will be called off until next spring due to low numbers. nytimes.com) Dog owners are increasingly turning to fresh food options. vox.com) Fitness Smartwatch health numbers are at best estimates. nytimes.com) FoodFood science is weird: the case of ice cream.
By any measure, we still have an enormous number of unfilled positions. The Federal Reserve has little control over the supply issues that have driven most of the inflation we see — in the underbuilt number of new Homes, in the semiconductor-impacted shortage of automobiles, I’m the Russian war-driven increases in energy and food.
Who's number two? fastcompany.com) Food Cereal consumption is in secular decline. newrepublic.com) Food expiration dates drive a lot of food waste. (grist.org) Agriculture is a major producer of methane. econofact.org) A man-made ivory substitute could help save African elephants.
It also doesn't hurt that advicers can earn a good living, and can also build their practices in any number of ways that fit their personal preferences, needs, and goals!) It's no wonder, then, that the profession attracts individuals who are highly service-minded and enjoy helping others. (It
April inflation data confirmed there is no need to panic about the first-quarter numbers. Core CPI inflation, which excludes food and energy, was up 3.6% Compliance Case # 02246494_052024_C The post Market Commentary: Dow Hits 40,000 As Inflation Numbers Improve appeared first on Carson Wealth. year over year in April.
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. (theguardian.com) Why you need to exercise your toes. wsj.com) Farming Why many farmers are having to go without crop insurance.
Any number above 50 indicates that more builders view sales conditions as good than poor. -- Tuesday, Aug 16th -- 8:30 AM ET: Housing Starts for July. . -- Monday, Aug 15th -- 8:30 AM: The New York Fed Empire State manufacturing survey for August. The consensus is for a reading of 5.5, down from 11.1. The consensus is for 0.1%
youtube.com) Travel Americans just keep flying in record numbers. theatlantic.com) Food The key with cooking oils: don't overheat them. (hollywoodreporter.com) Why Galveston, Texas is uniquely at-risk of hurricanes. smithsonianmag.com) America has a grass problem. dynomight.net) How to stay safe from lightning.
This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. . -- Wednesday, January 18th -- 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
newyorker.com) Food How beef consumption and American masculinity got entangled. npr.org) America's dairies keep getting bigger as their number continues to fall. (whyisthisinteresting.substack.com) What it's like to eat at Din Tai Fung, the Taiwanese restaurant famous for soup dumplings.
Also in industry news this week: The Department of Labor (DoL) this week published a final rule delineating what makes an individual an independent contractor versus a company employee, though it did not provide specific guidance for registered representatives of broker-dealers and other financial professionals who have expressed concern that their (..)
So you’re saying it’s complicated and it really depends on a lot of a lot of factors let’s start really basic with Maslow’s hierarchy of needs: Safety, security, food, shelter, et cetera. I know what I would choose I would take the latter but that doesn’t seem to be the answer that most people give.
In this episode, we talk in-depth about what Kimberly learned through entering and then exited a business relationship with her husband that was, unfortunately for her, not structured in a way to fully protect her claim to the clients and revenue of the practice, what Kimberly did to turn her career around through honing in on her ideal target client (..)
But overall employment (the total number of people working is stagnant. Retail Sales Evidence Food Service: +0.9 percent Food Stores: +0.8 Percent Retail Sales: With Food and Shelter Soaring, Who Can Afford Anything Else? Q&A What's Going On? Q: Hey Mish, What's Going On? But hooray! Percent Manufacturing: -0.61
A flair for comfort food is understandably a requisite skill for any chef working in this environment. ( They have each other’s phone numbers. In fact, it’s an imitator—and not the best one, either. ( CNN ) • Yamagami Tetsuya’s Revenge. Both men lay on the pavement, awaiting their fates.
This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. -- Wednesday, December 18th -- 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
ft.com) Food Your food is less nutritious than it used to be. nytimes.com) College A growing number of small colleges are in financial distress. (wsj.com) Ibogaine is in use around the world to help treat opioid addiction, but not in the U.S. marginalrevolution.com) How rap music affects liquor sales.
It’s a sign of how inflation and a labor shortage pushed up wages faster than anyone could’ve imagined a decade ago, when Fight for $15, a union-led push to organize fast-food workers, was founded. Quanta Magazine ). Wall Street Journal ) see also John McEnroe, Seriously On the eve of the U.S.
Also in industry news this week: Why industry groups representing investment advisers and others have blasted an SEC proposal that would significantly expand its Custody Rule A new study suggests that organic client growth and profit margins are the key factors driving RIA valuations, with the firm’s affiliation model having little to no impact (..)
marginalrevolution.com) A record number of drugs are facing shortages in the U.S. gq.com) Food How did food delivery get so expensive? (wapo.st) Pharma Add human growth hormone to the list of drugs in short supply. npr.org) You can thank the DEA for the national Adderall shortage. Eight doctors weigh in.
Lack of Single Family Homes : We’ve discussed this before most notably in 2021, but home builders have wildly underbuilt the number of houses relative to population growth following the financial crisis (GFC). That is especially true in housing, where the Fed is creating new problems and making existing ones even worse: 1.
This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. The consensus is for a reading of -7.0, up from -9.1. 8:30 AM ET: Retail sales for October will be released. The consensus is for a 0.9%
This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 2.0% Any number above 50 indicates that more builders view sales conditions as good than poor. -- Tuesday, April 16th -- 8:30 AM ET: Housing Starts for March.
This is most notable in various career choices, ranging from food service to retail to construction and manufacturing. Immigrants used to fill the gap but we seem to have reduced the total number of legal immigrants over the past decade (some recent data suggests that’s improving). The post Help Wanted!
I rely heavily on two sources when it comes to historical performance numbers: Returns 2.0 I love Christmas time. The decorations. The parties. The movies. Family time. But I also have something to look forward to when the kids finally go back to school after Christmas break — it’s to update some historical stock market data!
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