Among the nine University of California campuses that enrolls undergraduates, UC Davis admitted the highest number of international students for the upcoming school year, according to admissions data released Thursday. Out of nearly 14,000 international applicants, UC Davis accepted 8,415 students, an admit rate of 60.4 percent. By comparison, 18,480 California residents were accepted from the 51,425 who applied – a success rate of 35.9 percent. The number of residents admitted was slightly down compared to 2016, in line with the overall trend at other campuses.
Upscale jeans maker True Religion Apparel Inc. said Wednesday that it filed for bankruptcy reorganization, making it the latest Southern California apparel firm to falter as people embrace online shopping. But True Religion said that in tandem with filing under Chapter 11 of the bankruptcy laws, its owner, TowerBrook Capital Partners, a private equity firm, reached a proposed deal with lenders to slash True Religion’s debt by about three-quarters as it continues operating.
Legislators are about to require that private-sector workers in the home-care industry provide a wide range of personal information – home address, email contact, cell-phone number – to any labor organization that wants it. Those unions would then be free, at their discretion, to pester these workers into joining the union. The bill only affects one industry, but the precedent is clear
Wages across much of the Bay Area have rocketed far above the national average, a federal Bureau of Labor Statistics report reveals. Santa Clara County’s wages are 59 percent above the national average, while the San Francisco-San Mateo metro area is 53 percent higher, and East Bay workers command wages that are 26 percent over the U.S. average, the report shows. The wage gap compared with the country as a whole reflects the Bay Area’s concentration of so many highly skilled workers in one region.
For months, I've planned to write a column on the future of the U.S. labor market. Stacked on my desk are reports on "the gig economy," "independent workers," "contingent workers," "freelancers" and the like. All signify a new, less secure labor market. Workers won't have long-lasting career jobs, as the old post-World War II employment model promised. Now it's survival of the fittest. Workers who can adapt to constant change will thrive. As for everyone else, tough luck. I never wrote that column. The main reason is that I never felt certain that this widely prophesied labor market would prevail. Indeed, the postwar employment model might make a comeback. Demographics — the ongoing retirement of the massive baby-boom generation — would make experienced and competent workers prized resources. Because the labor force would be growing only slowly, many companies would try to stabilize their employment by offering career jobs with better wages and benefits. I still don't know which of these models will triumph: the first reflecting a management belief that workers must be hired and fired as business conditions dictate; the second based on the notion that good workers will be scarce for the foreseeable future and smart companies will do their best to train and retain them.