Business & Economics

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Unions push $30 minimum wage for all Los Angeles workers

Under current policy, hotel and airport workers are already on their way to a $30 an hour wage floor ($38.85 if you add in a mandatory additional stipend for health coverage). Good for those who keep their jobs, but not for those who will lose them, or will never be hired ...
Blog

Slowing Consumption Poses an Additional Fiscal Threat to California

The California New Car Dealers Associationnotes that total new vehicle registrations in the state stagnated in 2024 and are expected to decline slightly in 2025. The California Chamber of Commerce reports that tourism, which generated over $12 billion in tax revenue from both international and domestic visitors in 2024, is ...
Blog

Learn why California's unemployment rate is rising

Disaster looms with California’s high unemployment

Currently, California currently ranks as the fourth-highest unemployment rate of any state (including the District of Columbia) in the nation, at 5.3 percent. California’s unemployment rate steadily increased by a full percentage point between March 2023 and September 2024 and, despite continued economic growth, has plateaued ever since. By contrast, ...
Blog

India, China, and Pakistan: The Big War is Coming

READ THE PDF India, China, and Pakistan: The Big War is Coming “Communist China will never leave democratic India alone,” says Maura Moynihan, who as the daughter of the late Daniel Patrick Moynihan lived in India when he was ambassador there in the 1970s. “The Chinese are afraid of the ...
Blog

Spending Watch

Budget Gimmicks Will Not Solve The State’s Fiscal Crisis

Budget Gimmicks Will Not Solve The State’s Fiscal Crisis Wayne Winegarden June 2025 It’s budget crunch time for Gov. Newsom and legislative leaders. The immediate problem is closing the estimated $12 billion budget shortfall for the FY2025-26 budget. Despite this serious fiscal challenge, the Governor’s budget proposal demonstrates an unseriousness ...
Blog

Read about the new LA $30 minimum wage

Job Losses, Cancelled Projects Follows LA Passing $30 Minimum Wage

The City Council, operating as if in bubble that can’t be penetrated by real-world economic behavior, voted on May 23 to hike the minimum wage for hotel and airport workers from the current $17.28 (due to rise to $17.81 on July 1) for all workers to $30. If the raise ...
Business & Economics

Tariffs Either Can’t, Won’t, Or Shouldn’t Re-shore Manufacturing Jobs

Despite the unanimous ruling from the Court of International Trade, the Supreme Court will likely decide whether the International Emergency Economic Powers Act empowers President Trump to levy global tariffs. As this process will take time to play out, economic uncertainty will persist for the foreseeable future. What isn’t uncertain ...
Blog

Spending Watch

Covering Undocumented Immigrants Will Worsen The State’s Fiscal Crisis

Covering Undocumented Immigrants Will Worsen The State’s Fiscal Crisis Wayne Winegarden May 2025 A previous Spending Watch analysis estimated the fiscal and economic impact of funding Medi-Cal benefits to undocumented immigrants. The analysis estimated that the expansion will require an additional $11.6 billion in expenditures, which will impose large economic ...
Blog

How does California’s employment growth compare with the rest of the US?

Gov. Gavin Newsom and California’s progressives point to the Trump Administration’s imposition of tariffs as a reason for its economic slowdown, and the LAO acknowledges that unpredictable policymaking at the federal level puts California’s ‘fragile economy at risk.’ But while California’s ports have seen a decline in economic activity over ...
Blog

Spending Watch

AB 4: A Bad Idea That Costs Too Much

AB 4: A Bad Idea That Costs Too Much Wayne Winegarden and Nikhil Agarwal May 2025 As we noted in an earlier Spending Watch piece, growing economic volatility will likely cause revenue growth to be much weaker than expected for the upcoming FY2025-26 budget. It is, consequently, fiscally irresponsible for ...
Blog

Unions push $30 minimum wage for all Los Angeles workers

Under current policy, hotel and airport workers are already on their way to a $30 an hour wage floor ($38.85 if you add in a mandatory additional stipend for health coverage). Good for those who keep their jobs, but not for those who will lose them, or will never be hired ...
Blog

Slowing Consumption Poses an Additional Fiscal Threat to California

The California New Car Dealers Associationnotes that total new vehicle registrations in the state stagnated in 2024 and are expected to decline slightly in 2025. The California Chamber of Commerce reports that tourism, which generated over $12 billion in tax revenue from both international and domestic visitors in 2024, is ...
Blog

Learn why California's unemployment rate is rising

Disaster looms with California’s high unemployment

Currently, California currently ranks as the fourth-highest unemployment rate of any state (including the District of Columbia) in the nation, at 5.3 percent. California’s unemployment rate steadily increased by a full percentage point between March 2023 and September 2024 and, despite continued economic growth, has plateaued ever since. By contrast, ...
Blog

India, China, and Pakistan: The Big War is Coming

READ THE PDF India, China, and Pakistan: The Big War is Coming “Communist China will never leave democratic India alone,” says Maura Moynihan, who as the daughter of the late Daniel Patrick Moynihan lived in India when he was ambassador there in the 1970s. “The Chinese are afraid of the ...
Blog

Spending Watch

Budget Gimmicks Will Not Solve The State’s Fiscal Crisis

Budget Gimmicks Will Not Solve The State’s Fiscal Crisis Wayne Winegarden June 2025 It’s budget crunch time for Gov. Newsom and legislative leaders. The immediate problem is closing the estimated $12 billion budget shortfall for the FY2025-26 budget. Despite this serious fiscal challenge, the Governor’s budget proposal demonstrates an unseriousness ...
Blog

Read about the new LA $30 minimum wage

Job Losses, Cancelled Projects Follows LA Passing $30 Minimum Wage

The City Council, operating as if in bubble that can’t be penetrated by real-world economic behavior, voted on May 23 to hike the minimum wage for hotel and airport workers from the current $17.28 (due to rise to $17.81 on July 1) for all workers to $30. If the raise ...
Business & Economics

Tariffs Either Can’t, Won’t, Or Shouldn’t Re-shore Manufacturing Jobs

Despite the unanimous ruling from the Court of International Trade, the Supreme Court will likely decide whether the International Emergency Economic Powers Act empowers President Trump to levy global tariffs. As this process will take time to play out, economic uncertainty will persist for the foreseeable future. What isn’t uncertain ...
Blog

Spending Watch

Covering Undocumented Immigrants Will Worsen The State’s Fiscal Crisis

Covering Undocumented Immigrants Will Worsen The State’s Fiscal Crisis Wayne Winegarden May 2025 A previous Spending Watch analysis estimated the fiscal and economic impact of funding Medi-Cal benefits to undocumented immigrants. The analysis estimated that the expansion will require an additional $11.6 billion in expenditures, which will impose large economic ...
Blog

How does California’s employment growth compare with the rest of the US?

Gov. Gavin Newsom and California’s progressives point to the Trump Administration’s imposition of tariffs as a reason for its economic slowdown, and the LAO acknowledges that unpredictable policymaking at the federal level puts California’s ‘fragile economy at risk.’ But while California’s ports have seen a decline in economic activity over ...
Blog

Spending Watch

AB 4: A Bad Idea That Costs Too Much

AB 4: A Bad Idea That Costs Too Much Wayne Winegarden and Nikhil Agarwal May 2025 As we noted in an earlier Spending Watch piece, growing economic volatility will likely cause revenue growth to be much weaker than expected for the upcoming FY2025-26 budget. It is, consequently, fiscally irresponsible for ...
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