Posts Tagged: unemployment
The state Capitol in Sacramento, the seat of California government. (Photo: Always Wanderlust, via Shutterstock)
That $26 billion dollar “windfall” that California lawmakers learned about last month may not withstand a second round of economy-squelching lockdowns, and the risk of losing what little leverage they have is a top concern for state budget writers.
Illustration of school children, education and the pandemic. (Photo: Felipe Sanchez, via Shutterstock)
OPINION: California is dealing with cascading crises the likes of which have never been experienced before. Between February 2020 and today, California’s unemployment rate rose from a record low of 3.9% to 13.3%. Nearly two million Californians who were working then aren’t working now. And California’s clean energy economy — which employed 3% of the state’s workforce before COVID-19 — has also taken a hit.
A photo illustration of a tight budget. <(Image: Syda Productions, via Shutterstock)
The rise of unemployment, dwindling tax revenues, emergency spending to fight COVID-19 and renewed fears of wildfires this year are throwing deep strains on the state budget for the new fiscal year that begins just weeks from now.
Binders and documents relating to wage information. (Photo: Tashatuvango, via Shutterstock)
The California minimum wage increase has been approved. The minimum wage will rise by $1 per hour through 2022, up to $15. There are significant costs to employers, both public and private, besides the $5-per-hour increase. Inflation is one of those costs. Let’s look at the real results and implications of what our elected officials have done to us and for themselves on many levels. And let’s find the unintended consequences.
An abstract rendering of multi-faceted California. (Flip Bjorkman)
While most indicators signal an economic upswing in California, the reality facing many residents of the Golden State is simple: On the ground, the recovery is still sluggish. Nowhere is that more apparent than in a newly developed database that includes detailed economic information on each of California’s 120 legislative districts and 58 counties.
OPINION: Today we have a tremendous opportunity to address this crisis. Thanks to health care reform and a growing, aging population, employment in the health services sector is projected to grow far faster than California’s economy overall – 27 percent by 2020. Many of these are good jobs – positions like radiology technician and therapy assistant – that pay $35,000 or more a year without requiring a college degree. And men of color are significantly underrepresented in these fields.