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.
The Business Survey 2000 is the seventh annual survey of businesses conducted by the City of Long Beach. The first surveys tracked the hardships faced by businesses emerging from the recession of the early 1990s that hit Long Beach especially hard, due to massive layoffs at the McDonnell-Douglas (now Boeing) plant.
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.
The 1996 Business Survey is the second annual survey of businesses undertaken by the City of Long Beach to guide and strengthen business outreach and retention efforts. The purpose is to Identify the concerns, needs and opportunities of businesses in order to strengthen City programs for supporting Long Beach's economic base and respond to the needs of individual businesses and facilitate access to City services to help firms remain viable and competitive.
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.
SYNOPSIS Purpose The 1994 Business Survey was initiated by the City of Long Beach to guide and strengthen its business outreach and retention efforts. Technical guidance, data analysis, and report preparation was carried out by the Economic Roundtable. The purpose was to: Identify the concerns, needs and opportunities of businesses in order to strengthen City programs for supporting Long Beach’s economic base.