But rather than adding to the rules governing Uber and Lyft, an effort that has seen limited success in Sacramento in recent years, Assemblyman Evan Low (D-Campbell) wants to deregulate the taxi industry.
The Milken Institute’s fourth annual California Summit provided an opportunity to assemble prominent state leaders in business, policy, philanthropy, and academia to address the issues facing the world’s seventh-largest economy and one of the most diverse populations on the globe. Held December 8, 2015, at the Ritz-Carlton in Marina del Rey, the Summit focused on four key areas that define many of the challenges facing the state: the business climate; the need for opportunities in finance and access to capital, including financial technology; investment in the state’s infrastructure, particularly involving water; and the need to maintain and grow the culture of innovation.
New sources of labor should be top of mind for CEOs as they contemplate protracted labor shortages. These shortages will hit most industries, pinching profits and prolonging the economic slowdown. . . An unprecedented confluence of trends—historically low productivity growth and massive baby boomer retirements—has set the stage for shortages that will hit across regions and industries.
Sacramento politicians cannot resist the urge to “regulate” the “gig economy” to impose arduous work rules, regulations, and a whole host of bureaucratic red tape on one of the most successful economic enterprises to surface in the past few years.
The layoffs in Folsom amount to a little more than 4 percent of the company’s 6,000 employees there. But it’s also the second significant downsizing in a little over a year. Last year Intel said it would eliminate 152 jobs in Folsom.
Authored by Assembly member Lorena Gonzalez, AB 1727 would allow any group with as few as 10 independent contractors to act in concert to set the prices and terms of their engagement. This would put a chokehold on small businesses who will be forced to navigate potentially dozens — or even hundreds — of separate bargaining units. Not only would the end result make life difficult for our job creators, but it would make the cost of goods and services rise dramatically for consumers.
For the better part of a century, Southern California has been seen as the land of surfers, hipsters and youthful innovators. Yet the land of sun and sea is becoming, like its East Coast counterpart Florida, increasingly geriatric.
Since 1990, the number of people working in aerospace in Southern California has more than been chopped in half. When the Cold War was winding down, there were more than 270,000 local aerospace workers, according to the Los Angeles Economic Development Corporation. In 2014, there were 85,500 in 2014. It’s a big reason why ever since, the region has had some of the weakest job growth in the entire country.
At just over 500,000 workers, advanced energy employs three times as many Californians as the motion picture, TV, and radio industry; more than agriculture, forestry, and fishing; and approaching construction. With one in every five advanced energy workers nationwide, California has the largest advanced energy industry by employment of any state in the country. Employment in California’s advanced energy industry grew 18% last year, six times the rate of statewide employment growth. Employers engaged in advanced energy business also expect to increase their workforce by 8% this year.
In recent years, people moving to Texas from other states — rather than from other countries — have played a key role in the state’s population growth, according to a new analysis by the Office of the State Demographer. From 2005 to 2013, an estimated 5.9 million people moved to Texas, and 4.8 million of those came from one of the other 49 states.
Intel is slashing its global workforce by 12,000 jobs, or 11 percent of its employees, as the chip giant grapples with a dramatically shifting market for its products.
Location filming in Los Angeles County jumped 11 percent in the first quarter of this year over last, thanks in part to a lineup of television shows including “Veep,” “Animal Kingdom,” “Rosewood” and “Twin Peaks,” an industry tracker said Tuesday.
“In the next 10 to 15 years, we expect U.S. employers to demand more labor than will be available, which will, in turn, constrain overall economic growth,” the Conference Board said in a report to be released Tuesday.
Organized labor has always counted on Democrats’ support for issues like raising the minimum wage and paid sick leave. But in the new gig economy, run on apps for companies like Uber and TaskRabbit, the very nature of work is changing. And the new tech-driven workplace could put some Democrats at odds with their friends in the labor movement.
Los Angeles workers would be able to earn at least six paid sick days annually — twice the state minimum — under a proposed law that the City Council backed Tuesday.