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Podcast: News For Reasonable People
Episode: LA's $30 Minimum Wage DISASTER: Tourism Industry DOOMED Before Olympics | Taxpayer Money WASTED
Description: LA's brilliant plan for the Olympics? Force hotels to raise wages by 48% and watch businesses collapse. In this episode, we dive into the city council's recent vote mandating tourism industry wages skyrocket to $30/hour by 2028—just as Los Angeles prepares to host the world. As usual, politicians who've never run a business are dictating terms without considering whether companies can actually survive these costs. Will we see mass closures and layoffs as hotels and restaurants simply can't afford to operate? Is anyone surprised California is doubling down after thousands of fast food workers already lost jobs from previous wage hi...