In a 12-3 vote, the council approved the rise for hotels with more than 300 rooms on 1 July 2015 and for hotels with more than 150 rooms a year later.The new wage floor would be one of the highest in the US.It was opposed by the hotel industry, which said it would force worker redundancies. Mayor Eric Garcetti has said he will sign the bill into law.Under the measure passed on Wednesday, the minimum could be temporarily waived for hotels facing bankruptcy or imminent closure. Hotels with unionised workers could also be exempt if minimum wages are defined in collective bargaining agreements.It is unclear how many workers the rise will affect. An earlier study, based on a threshold of 125 rooms, estimated the number at 13,000 employees, the Los Angeles Daily News reported.Because the vote was not unanimous, the council will take a second vote next week in order to pass it formally.
Why?
I wonder how much that'll slow employment growth, if not cause downright job losses.
Quote from: Meta Cognition on September 25, 2014, 10:34:11 AMI wonder how much that'll slow employment growth, if not cause downright job losses.Considering it's only large hotels, probably none.
This will either drive prices up
Quote from: RustingFloor on September 25, 2014, 03:58:10 PMThis will either drive prices upThat's not true. Inflation is, always and everywhere, a monetary phenomenon.
LA raises minimum wage to $15/hr for large hotels
