UNEXPECTEDLY: Bay Area Job Growth Slows After Minimum-Wage Hikes:
The pace of hiring in the leisure and hospitality sector fell to a five-year low for the Bay Area last month, Labor Department data show. Job gains have slowed to less than half the rate that preceded Oakland’s and San Francisco’s adoption last spring of the highest citywide minimum wage in country.
After rising close to 5% a year, hiring at restaurants, hotels and other leisure sector venues rose just 2.2% from a year ago in November. Meanwhile, in the rest of California, where the minimum wage is generally $3.25 below the $12.25-an-hour level set in Oakland and San Francisco, leisure and hospitality employment rose 4.9%.
The data suggest potential employment headwinds from the higher minimum wage, which jumped 36% in Oakland and 14% in San Francisco. On top of that, Oakland’s minimum wage is set to rise to $12.55 in January while San Francisco’s will jump to $13 in July.
Also in news of fresh disaster from the formerly Golden State, What Price Will Californians Pay for Decent Roads?
Of course, all that deferred maintenance on some of the worst roads in the nation now also helps Jerry Brown sell his party-like-its-1899 fantasy of “high speed rail” to connect the state, the ultimate “desire named streetcar,” given all of its potential for graft and eminent domain abuse:
(Via Betsy Newmark.)