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Podcast: News For Reasonable People
Episode: LA's FAILED 48% Wage Hike DOOMS Tourism: $1 BILLION Loss As Hotels Close
Description: Another day, another economic disaster brewing in Los Angeles as city officials push a mind-boggling 48% wage hike for tourism workers—right as a billion-dollar budget shortfall looms. Watch as we break down how this well-intentioned but economically illiterate policy threatens to decimate the very industry it claims to help, with hotels already closing and workers losing jobs before the ordinance even passes. We've already seen 23,100 fast food jobs vanish after California's last minimum wage experiment, yet politicians refuse to learn the simple lesson: mandating higher wages without economic reality to support them creates unemployment, not prosperity. Is this deliberate de...