California’s minimum wage increase had immediate adverse effects on the fast food industry. In addition to mass layoffs and location closures, many franchises have resulted to increasing menu prices in order to afford to pay their employees. The most recent upset comes from a chicken nugget meal that costs an almost inconceivable $25. “McFlation” is…
Pixar Animation Studios has announced historic layoffs, impacting approximately 14% of its workforce – around 175 employees. This move comes as parent company Walt Disney focuses on quality theatrical releases and refocuses efforts from Disney+ feature films. However, consumers wonder if the workforce cuts mark the beginning of the end for streaming. The long-awaited job…
Less than 2 months after the minimum wage for fast-food industry workers was raised to $20 an hour (previously $16 an hour), California workers in other industries are wondering when they will be granted a piece of the pie. However, mass layoffs are calling into question the effectiveness of increasing wages so drastically. California is…
President Joe Biden once criticized Donald Trump’s tariffs on Chinese imports, claiming American consumers were paying them. However, his administration has now announced new tariffs on $18 billion worth of goods from China, marking a significant shift in policy. In 2019, Biden accused Trump of not understanding the basics of economics and suggested that Americans…
California’s Governor Gavin Newsom was probed about spending the entirety of the Golden State’s $24 spending budget to manage homelessness in a recent press conference. Newsom has been under fire for poor budget management as California reaches soaring state deficits. In the press conference held on Friday, May 10, he asserted that California’s state deficit…
Insurers are retreating from California’s homeowners’ market, prompting Governor Gavin Newsom to push for faster reviews of rate hike requests to prevent further exits. Newsom emphasized the urgency of stabilizing the market, noting insurers’ actions like non-renewals and policy cessations, which force homeowners to resort to the state’s FAIR Plan, already burdened with over $300…
In a recent landmark ruling, the Supreme Court delivered a decisive blow to President Biden’s ambitious plan to alleviate the burden of student loan debt. By a margin of 6-3, the justices determined that the Biden administration had exceeded its authority in its proposal to cancel up to $400 billion in student loans. This decision,…
In the sunshine states of Florida and Texas, a silent catastrophe brews, hidden in plain sight: According to a report released by the CFA, over 10% of residential homes remain uninsured, leaving communities vulnerable to the devastating impacts of natural disasters. With hurricane season looming, the specter of a Category 5 hurricane threatens to unleash…
1950s: Top Tax Rate: 91%The Rise of the Single Working Parent Combined Estimated Work Hours: Approximately 40-45 hours per weekDuring the 1950s, the typical American family often had only one working parent while the other stayed at home to manage household duties and childcare. With the cost of living relatively lower than in later decades,…
In a bid to address the crippling burden of medical debt plaguing millions of Americans, Senator Bernie Sanders (I-Vt) and Congressman Ro Khanna (D-Calif), alongside Jeff Merkley (D-Ore.) and Rashida Tlaib (D-Mich.), have introduced a groundbreaking bill. This legislation seeks to eliminate the staggering $220 billion in medical debt held by individuals across the nation,…
