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
Years ago versus, you know, 10 years ago when this law was initially enacted is very different. And, so, you know, what does that mean now . Commissioner dwight, as youre saying, in terms of amazon and those folks online, if we think of the accurate pricing can happen there and there isnt a concern for Consumer Concern for the consumer, the enforced model entities should there not be the same level of concern as the regulation is implied. Commissioner dooley . That was what i wanted to bring up, wed like to see more research and information on the impact on our Small Businesses that do mark our fee, i think that is probably the largest issue for us right now. So, id like to see more about how is that working out in chicago, you know, thats already been doing it and see where we can go with that. Can you repeat that again, please . Youd like to see more research on . On the how the impact has been in chicago for exempting the Small Businesses that mark all their products and, you know,
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 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
Whereas safeways fine was 2. 25 million. That was the counties in and around San Francisco that were paid that settlement excuse me. Yeah, so, a lot of people working in the stores dont know, dont know about it and i think you made a lot of great points with technology and how because the state and local level, all the definitions used by both, the state law and the local law, theyre very similar. I think its just a question of kind of the Biggest Issue i see is the smaller, the really small stores that list priceses on all of their items ~ and they just dont see why they should be paying the 75 fee for something that theyre not really going to swindle a customer out of, out of an accurate price. Just for an example, we were contacted by a hair salon who had 10 products and they were required to pay the pos registration fee. So, i think, again, you know, the objective of this is to sort of take a look the definition has a pretty broad definition. What was an Electronic Transaction toda