The most concrete characteristic of a recession is that demand disappears for some of the commodities produced by workers and unwanted unemployment is imposed on a large segment of the labor force. With growing job losses in the current recession it is important to know, whose boat falls when the economic tide recedes?
A budget for providing basic family necessities in Los Angeles calls for an annual income of $49,135 for one parent with two children and $54,078 for two parents with two children. The income for providing basic family necessities is about two and a half times greater than the poverty threshold.
Most people agree that union jobs typically pay better than nonunion jobs. But what is not as widely discussed is the role unions play in stimulating the broader economy. A recent study by my organization, the Economic Roundtable, found that union workers in Los Angeles County earn an average of 27 percent more than nonunion workers in the same job, a figure that does not include differences in other types of compensation like health insurance.
Poverty adversely affects the lives of Los Angeles residents as well as the City as a whole. Among other things, poverty has a direct financial impact on local government because of above-average per capita costs for municipal services related to police and fire protection, courts, education, and other services in poor neighborhoods.
Union members make up roughly 15 percent of LA’s labor force. The economic context for unions in Los Angeles is a formal labor market that has been stagnant since 1990, with all net job growth occurring in the informal economy. More than a quarter of the labor force is impoverished.
There are at least three reasons why it has become important for Los Angeles to exert purposeful influence on its own economic trajectory: The population has grown steadily but the number of jobs in the formal economy, where employers comply with labor law, is still below the level of 1990.
We estimate that $1.1 billion in economic impacts generated by city purchases occur outside of Los Angeles County. There are opportunities to implement import substitution strategies to increase Los Angeles’ share of beneficial economic impacts from city purchases. Import substitution strategies will be most beneficial if they help build growth momentum for industries that are beneficial to Los Angeles.
We all have a stake in helping children and youth whose lives have been disrupted by lack of safe, permanent and adequate housing to achieve success in learning, growing and maturing. Beyond ensuring school enrollment and attendance this stake also includes working with others to help homeless children and families meet basic survival needs and overcome the trauma of homelessness.
The Beverly-Virgil project area does not have a well-ordered pattern of land use or a clear economic trajectory that suggests an “obvious” economic development strategy. Many parts of the project area are physically inhospitable, with intense traffic, stark security fences, and a general lack of amenities. One of the challenges for redevelopment is to make the highly developed transportation infrastructure an asset that supports growth rather than a source of blight, and in particular to use the Vermont-Beverly subway station to leverage desirable development. The residential population within the project area appears to be too sparse to participate in neighborhood planning; another challenge for redevelopment is to create future possibilities for a more cohesive community.
A comprehensive strategy with 25 actions, accountable agencies, timelines, and performance benchmarks to prevent and end homelessness in Los Angeles County. From 2002 through 2004 the Economic Roundtable and the Institute for the Study of Homelessness and Poverty at the Weingart Center carried out research, listened to ideas from community stakeholders, and met with public officials in order to prepare this strategic plan for ending homelessness in Los Angeles County.
Information about employment and wages in the Wilshire Study Area has been created to help the Community Redevelopment Agency of the City of Los Angeles identify development opportunities that will provide sustaining employment for local residents. Three Streets, Three Economies Jobs, wages and anchor industries vary widely from one major street to the next, and as a consequence the Study Area’s three major east-west streets each need to be studied separately.
The survival of a city depends on at least three things: people who are willing to live and work together, a reasonably healthy economy, and an effectively organized government. This paper discusses the health of LA's economy, how it got the way it is, and what can be done about it.