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Podcast: News For Reasonable People
Episode: LA Proposes DOUBLING Construction Wages While Having Housing Crisis - Policy MELTDOWN
Description: Here we go again with LA City Council's latest stroke of genius - nearly doubling construction worker minimum wages from $18 to $32.35 an hour while simultaneously crying about a housing shortage. Is anyone surprised that the same city council members who've never run a business think they can magically solve housing costs by making it twice as expensive to build? This brilliant plan covers mid-sized apartment buildings (10+ units, up to 85 feet) - exactly the housing LA desperately needs.We break down how this "workers of the world unite" mentality will drive construction companies straight out of LA to neighboring areas...