Will scenes as fighting in israel reaches its 8th day as Tens Of Thousands prepare for a full scale invasion of gaza were learning that Secretary Of State Antony Blinken Will Return To Israel for further talks following a visit to other leaders in the middle east. Rachel idf issuing statement saying forces are preparing to implement a wide range of operational offensive plans. Which can include combined and coordinated strikes from the air, land and sea. Pete at least 1300 israelis and 29 u. S. Citizens have been killed in the fighting so far. Will New York Times reports delayed initial plans as Weather Conditions in the area can worsen. Rachel a second u. S. Carrier on the way to the Mediterranean Cannel and what lloyd austin calls a show of force as the u. S. Continues to affirm its support for israel. Pete despite that iran is now warning israel to stop fighting immediately saying any further action they take will cause a huge earthquake for israel if the operation in gaza continue.
Needed to assess in looking at the proposed legislation is would you expect to see the same thing for wages, no real increase in wages and perhaps no employment effect, or would in fact this wage increase to 15 actually raise wages. I just kind of said those things. So, one of the things we did to get at this question was to build a statistical model that models from 1990 to 2012 for every county in california. These statistical relationship between what the minimum wage was and what the average weekly wage is. And we did a different model for each of these five industries. It made sense to us that the closer the minimum wage is to the average weekly wage, the bigger the bump. So, in effect, its a nonlinear relationship in mathematical term. In other words, the same increase in the minimum wage, if its way below the average wage, is not going to have much of an effect. An increase in the minimum wage thats very near when its near the average wage would have a big effect. So, we modeled
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