Large retail chains like Costco, Trader Joe’s, QuikTrip and Mercadona pay wages and benefits considered high for their industries. They also use four key operational strategies:
For California labor lawyers, the 2012 Brinker v. Superior Court ruling was something akin to Brown v. Board or Roe v. Wade. In a case involving meal and rest breaks for hourly employees, the court ruled that businesses must have a policy giving workers those breaks — but they don’t have to ensure that staff actually take them. It seemed like near-total victory for business.
When the economy serves people by allowing them to earn money, they can invest money back into the economy, thereby increasing economic health for everyone. We want an economy where full-time workers are self-sufficient and not dependent on government aid to supplement their wages. We want an economy that works for us. But here is a glimpse of our reality:
Calls for a minimum wage increase are growing louder, and these proposals are neither minor nor manageable for the city of Sacramento. Sacramento’s city-specific hike proposals range from $13.50 to as much as $15 per hour.
Where are minimum wages higher? Who makes minimum wage, and who supports raising it?
With about 10 percent of total banking assets, community banks are the source of almost half the nation’s small-business loans and 43 percent of its farm loans. New regulations and low interest rates have shut down many smaller banks or forced mergers, but the survivors say they’re poised to take advantage of market openings and an improving economy.
Steven Currall is the Chancellor’s Senior Advisor for Strategic Projects and Initiatives and a management professor at UC Davis, where he is leading campus-wide deliberations about the vision for the university’s long-term future.
Economists refer to it as the agency problem: The incentives of executives are misaligned with the incentives of the company. If you have stock options that vest in five months, who cares what happens in five years?
Amy Sieffert, a Stockton native, has been running a vintage clothing business since 2010 — but she had to leave her hometown to make a profit. On weekends, she would travel to Sacramento and the Bay Area because there were no local makers markets where she lived. To help turn this ghost town into a local hotspot, Sieffert and business partner Katie Macrae created the Stockmarket, a seasonal market that showcases Central Valley artisans.
Attendance is up, and that’s translating to big bucks for the Capital Region and beyond.