Whereas San Francisco ha 2 . So, San Francisco requires a 98 accuracy rating on inspection where chicago is 96 . And then online retailers, we looked at the larger retailers because they were the ones that created the need to establish this regulation. And our local ordinance here in San Francisco explicitly cited california business and professions code 12 0 24. 6 ~ and that states that no personal firm, corporation or association shall advertise, solicit or represent any means a product for sale or purchase if it isnt intend ited to entice consumer into a transaction different from that originally presented. And thats why we started looking into these larger entities that do business online. First, we looked at amazon, and amazon, even if you add an item to your shopping cart, the price can fluctuate after you have added it. So, the question was does that does that entice a customer to add it to the cart to purchase the item and then the business changes that on the price that what o
That, you know, that the future is going to look different. And i think its going to look less Small Business, a lot bigger business. You know, i dont think that and i think a lot of these people that are going to benefit are, in fact, going to move out of the city and be people that come in from the outside. So, its unfortunate that San Francisco ultimately will not benefit from this rise in minimum wage in a way that we would hope. Thank you. All right. Commissioner toursarkissian. Thank you, mr. Eagan. I have a question about the remi simulation. Im referring to your slide number 19, which you report that an estimation of 1500 15,270 private sector jobs will be lost by 2019. First, i would like you to explain to me what the remi simulation is and whether it takes into account into account all the increases in cost of operation in the city, benefits, sick leave, that may not have been in place in 2004 that are in 2014 or 2014 to 2019. Curious to find out whether that was included as
That are in 2014 or 2014 to 2019. Curious to find out whether that was included as well, could have further increased the loss or simulation loss of jobs. So, the remi model is basically a system of economic equations, several hundred economic equations that are set up in which some of the variables in these equations are policy variableses. Theyre things that our government might want to change, or the things that a government might want to change would affect these things. Labor costs, the average Compensation Rate for industries, are the policy are among the policy variables. In the remi model, those are the ones that we changed in this particular simulation. When he we talk about employment effects with remi, were always talking about the difference between a baseline projection in which the policy doesnt happen and how the economy would evolve differently if you make the changes in the policy variables that were talking about. So, the 15,000 starts in 2015. Its based on an identic
Remi simulation. Im referring to your slide number 19, which you report that an estimation of 1500 15,270 private sector jobs will be lost by 2019. First, i would like you to explain to me what the remi simulation is and whether it takes into account into account all the increases in cost of operation in the city, benefits, sick leave, that may not have been in place in 2004 that are in 2014 or 2014 to 2019. Curious to find out whether that was included as well, could have further increased the loss or simulation loss of jobs. So, the remi model is basically a system of economic equations, several hundred economic equations that are set up in which some of the variables in these equations are policy variableses. Theyre things that our government might want to change, or the things that a government might want to change would affect these things. Labor costs, the average Compensation Rate for industries, are the policy are among the policy variables. In the remi model, those are the one
All right. Commissioner toursarkissian. Thank you, mr. Eagan. I have a question about the remi simulation. Im referring to your slide number 19, which you report that an estimation of 1500 15,270 private sector jobs will be lost by 2019. First, i would like you to explain to me what the remi simulation is and whether it takes into account into account all the increases in cost of operation in the city, benefits, sick leave, that may not have been in place in 2004 that are in 2014 or 2014 to 2019. Curious to find out whether that was included as well, could have further increased the loss or simulation loss of jobs. So, the remi model is basically a system of economic equations, several hundred economic equations that are set up in which some of the variables in these equations are policy variableses. Theyre things that our government might want to change, or the things that a government might want to change would affect these things. Labor costs, the average Compensation Rate for indus