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-   -   'California Dreamin' (http://www.politicalchat.org/showthread.php?t=10828)

bobabode 07-22-2016 01:37 PM

'California Dreamin'
 
"Defying critics of the state’s new regulations, California continued to pad its hefty payrolls in June. Employers in the state added 40,300 jobs over the month, the state reported Friday.

But unemployment in the state increased to 5.4%, from 5.2% in May. The national unemployment rate also ticked up in June, rising to 4.9%, from 4.7% in May.

In the last 12 months, California added 461,100 jobs, growing at a rate of 2.9%, faster than the national rate of 1.7%.

A perennial target for critics, California’s economy has earned fresh criticism of late, thanks to the $15 minimum wage, new mandatory paid sick leave, and laws that increase liability for labor violations." LA Times

http://www.latimes.com/business/la-f...nap-story.html

Boreas 07-22-2016 01:48 PM

Quote:

A perennial target for critics, California’s economy has earned fresh criticism of late, thanks to the $15 minimum wage, new mandatory paid sick leave, and laws that increase liability for labor violations.

The U.S. Chamber of Commerce said in a report this month that those policies were costing California its long-held economic advantage over the rest of country.
Yes, all these things are deserving of harsh criticism. Nice job, LA Times. The check is in the mail.

bobabode 07-22-2016 08:06 PM

Quote:

Originally Posted by Boreas (Post 324294)
Yes, all these things are deserving of harsh criticism. Nice job, LA Times. The check is in the mail.

Huh? Did you read the link? They were being critical of critics like the Chamber of Commerce.

Boreas 07-22-2016 08:11 PM

I read it. I see no counter argument or criticism of the US Chambers criticism, only that California's short tern trends don't support the Chamber's long term predictions.

bobabode 07-22-2016 08:26 PM

Quote:

Originally Posted by Boreas (Post 324386)
I read it. I see no counter argument or criticism of the US Chambers criticism, only that California's short tern trends don't support the Chamber's long term predictions.

Other than letting the numbers speak for themselves? :rolleyes:

Boreas 07-22-2016 10:10 PM

Quote:

Originally Posted by bobabode (Post 324389)
Other than letting the numbers speak for themselves? :rolleyes:

Short term results don't confirm long term predictions.

bobabode 07-22-2016 10:13 PM

Quote:

Originally Posted by Boreas (Post 324402)
Short tern results don't invalidate long term predictions.

Whadda you have against seabirds?

Boreas 07-22-2016 10:15 PM

Quote:

Originally Posted by bobabode (Post 324403)
Whadda you have against seabirds?

It's just the short ones I don't like.

bobabode 07-22-2016 10:17 PM

Quote:

Originally Posted by Boreas (Post 324405)
It's just the short ones I don't like.

Heightist.

merrylander 07-23-2016 07:04 AM

It is well known that the Chamber of Commerce is for the wealthy and dead set against the rest of the populace.


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