COVID-driven loss of jobs and employment income will cause the number of homeless workers to increase each year through 2023. Without large-scale, government employment programs the Pandemic Recession is projected to cause twice as much homelessness as the 2008 Great Recession. The Economic Roundtable used data from the 2008 Great Recession to estimate the linkage between job loss and homelessness and forecast the amount and type of pandemic-driven homelessness in Los Angeles, California and the United States.
The Port Authority that oversees LaGuardia, the John F. Kennedy and Newark Liberty international airports is considering a proposal that would raise the minimum wage for 40,000 low wage workers at regional airports to $19 per hour by 2023. If passed, it will create the highest publicly mandated minimum wage in the nation and will deeply impact local communities. An economic stimulus is projected in the communities where workers live. Their increased household spending is projected to increase economic output by over $465 million in 2023 and every year thereafter, creating 2,700 new jobs.
Disneyland Resort is the most iconic theme park in the world. Disney’s best-known characters are present in the park and woven into America’s national culture, recognized and celebrated around the world. People share more photographs from their visits to Disneyland than from any other place in the world, making it the most Instagrammed location on earth. However, employees report high instances of homelessness, food insecurity, ever-shifting work schedules, extra-long commutes, and low wages.
Creating a $15 minimum wage at U.S. airports will provide transformative economic benefits for low-paid air transportation employees who work 24-7 in a fast-paced, noisy environment, providing essential services for airlines and the traveling public. The $15 wage will also generate job growth in businesses where airport workers spend their wages, lift many out of poverty, reduce dependence on public assistance, and boost tax revenues that pay for crucial government services.
Over 54,000 workers employed in Long Beach’s formal economy will be affected by increasing the minimum wage to $15. The annual earnings of workers will increase by about $405 million. The largest share of increased wages—almost $130 million—will go to workers who also live in the City of Long Beach The greatest number of affected workers and the largest payroll increases will be in restaurants, retail trade, education, transportation and warehousing, and health care. The economic stimulus from increased consumption by workers' households will create an estimated 3,186 new jobs and generate $442 million in increased sales in the region.
Street vending is a $504 million industry in Los Angeles. Every year, 50,000 microbusinesses set up shop on the sidewalks of the city, according to the Bureau of Street Services. Three-quarters sell merchandise, such as clothing and cell phone accessories. The other 10,000 sell bacon-wrapped hot dogs, tamales, and ice cream, street food for which Los Angeles is famous.
Most California school employees in classified positions such as teacher assistants, childcare workers, janitors, and office clerks struggle to support their families with incomes that are often inadequate to pay for food, housing and health care. The median annual earnings of classified workers in 2012 was only $20,700, well below self-sufficiency standards.
A $15.37 minimum wage for Los Angeles hotels with 100 or more rooms would affect over 5,000 low-wage hotel workers, including housekeepers, janitors, banquet servers, bellhops and desk clerks. The twenty year trend for hotel growth and rising hotel occupancy and revenue support the finding that the proposed new minimum wage is feasible for the hotel industry in Los Angeles.
Unemployment and underemployment currently represent $25.8 billion in annual wages not earned in Los Angeles County, $28.2 billion in lost private sector economic activity and $4 billion in tax revenue not generated. Over a fifth of Los Angeles County’s labor force is unemployed or underemployed. Over a third of the county’s population lives in a household where one or more breadwinners are under-employed.
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.
While the visitor industry is a key economic engine for LA, it’s Lodging industry shows signs of structural weakness. Compared to the size of its visitor economy, LA’s Lodging inventory is only 62 percent of the national average. Compared to other cities with which it competes for tourism spending, LA’s Lodging industry serves a relatively small number of visitors given the size our economy.
The South Bay Economic Adjustment Strategy has been prepared to help elected officials, public sector staff, business leaders, and citizens take coordinated, effective action to recover jobs lost because of defense cutbacks. The strategy has been prepared under a grant from the Office of Economic Adjustment in the Department of Defense that was administered by Los Angeles County’s Community Development Commission.
The City of Long Beach and other centers of aerospace production that reaped the rewards of the 1980s defense-spending boom must now confront the realities of restructuring. Since World War II, the Douglas Aircraft plant made Long Beach an important center of the US aerospace industry and dominated the local economy. In 1992, the Long Beach aerospace industry employed 36,100 workers, which was 22 percent of the city's total employment. Almost all of these workers were employed by McDonnell Douglas. Long Beach aerospace workers earned a total payroll of over $1.5 billion, which was 30 percent of the city's total payroll. These figures understate the total impact of aerospace on the Long Beach economy, through linkages with firms in other industries that provide inputs to the aerospace industry, and purchases of goods and services by aerospace workers.
This study examines how firms, workers, and regional economic development institution are dealing with the severe effects of defense downsizing in the Los Angeles region. Between 1988 and 1994 the Los Angeles region lost 127,000 jobs in defense-related industries, including aircraft, missiles, instruments, and electronics. The long economic slump set off by defense cuts has incited a major debate between the advocates of regional institution building and proactive economic development and those arguing for the laissez-faire approach of reducing taxes, wages, and environmental costs.
Fuel cells are a feasible power system technology for future transit vehicles. The advantages of fuel cells include high efficiency and extremely low vehicle emissions. Progress in fuel cell technology is moving rapidly with limited commercialization expected in this decade. Transit vehicles are a logical first application of fuel cells in transportation. Fundamental to the application of fuel cells to transit is the choice of boarded fuel. Hydrogen and methanol are the favored fuels to store on the vehicle with methanol being converted into a hydrogen rich gas on-board the vehicle. Hydrogen simplifies the fuel cell power plant at the expense of the refueling facility. Methanol simplifies the refueling facility at the expense of the vehicle fuel cell system. Depending on the vehicle mission, range and payload advantages for each fuel can be shown. The total direct and indirect employment created per $1 Billion of demand for fuel cells is 15,157 jobs. Approximately 77% of this employment is found in the manufacturing sector.
Background An interdisciplinary research team analyzed information about the labor market, economy, industries, and defense linkages of Los Angeles County. The report recommends an economic adjustment strategy to reduce severe job losses projected as a result of cutbacks in defense funding for Los Angeles County industries.