FROM David Cooper
The Minimum Wage Magic Number If you make minimum wage, you probably will not be buying a Tesla anytime soon, but you’ll be making at least a little more in California and New York. Legislatures in both states passed a $15 minimum wage yesterday. Seattle and Los Angeles have approved similar citywide laws. There’s pending legislation in about a dozen other places across the country, and there’s a call to raise the federal minimum wage to $15 dollars an hour. How did that become the minimum wage magic number?
Walmart, the Minimum Wage and the Working Poor Last week, Walmart stunned the world of retail by announcing that it will give half-million low-wage workers a raise in April to $9 an hour, with the promise of $10 an hour by February of next year. Low pay has created image problems for America's biggest private employer, while reduced unemployment means new competition for workers. But even $10 is hardly enough to support a family, and labor advocates are pushing for $15. As some cities and states increase the minimum wage, we hear what life is like at the lowest end of the pay scale.
Accusations of lying fly between James Comey and White House During his testimony Thursday, former FBI Director James Comey accused President Trump and other White House officials of lying when they said the FBI was in disarray and its staff had lost confidence in him. President Trump’s lawyer said Comey was wrong -- that the president never asked for his loyalty, and never asked him to back off the investigation into former NSA director Michael Flynn.
Farewell LA freeways, Peter Shire is back Angelenos don't want more freeways but we seem not to want mass transit either. Metro has killed the 710 freeway extension, and bus and train ridership is down across the region. What's the future of getting around in LA? And, Peter Shire is having a comeback. What attracts a new generation to his playful ceramics and furniture?
Industry insights and lessons learned from memorable guests We have interesting guests on The Business, and sometimes our conversations are too long to fit into one show. This week we give you stories that were too good to leave on the cutting room floor, including some sharp insights on making it in the industry from David Mandel, David Simon, Shawn Levy and Matt Reeves.