Governing in the Digital Age
California State Assemblyman Matt Dababneh talks tech and the need to improve financial literacy for all
At 34, Assemblymember Matt Dababneh is one of the youngest members of the California Legislature. During his short stint in the Assembly, Dababneh has forged a reputation as a tech-savvy, pro-business lawmaker and earned himself the chairmanship of the Assembly Banking and Finance Committee. We sat down with him recently to talk about a few of his key agenda items.
4 Tips for Profitable Management
Save money with better systems
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:
Be Careful How You Classify
How to avoid wage litigation in the age of the $10 hour
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.
Minimum Wage: In Support of the Working Poor
Letting the minimum wage remain stagnate is inhumane and bad for our communities
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:
Minimum Wage: In Support of Struggling Businesses
Sacramento’s economy cannot support a Los Angeles-sized solution
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.
Portrait of a Wage
The what, where and who of making minimum wage
Where are minimum wages higher? Who makes minimum wage, and who supports raising it?
The Great Bank Shakeout
Community banks failures offer an opening to the small lenders that survive
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.
Strategic Thinking for the Future of Higher Ed
Acuity with Steven Currall
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.
The Art of the Long View
What if an executive’s pay was dependent on the performance of his successors?
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?
Stockmarket Goes Up in Forlorn Downtown Stockton
New market seeks to revitalize area by showcasing local artisans
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.