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Tens of Thousands of Workers Left California Last Year Amid High Costs of Living: Report

California experienced a significant outflow of workers last year, as tens of thousands of professionals left the state due to its cost of living and high tax rates. According to a report by the National Association of Realtors, California saw a net loss of about 18,000 workers, with nearly 87,000 professionals departing while only 69,000… Continue reading Tens of Thousands of Workers Left California Last Year Amid High Costs of Living: Report

Shake Shack Shuttering Six California Stores Following Controversial Minimum Wage Hike

The popular burger joint Shake Shack announced its closing six underperforming stores in California following the state’s implementation of a mandatory $20 per hour minimum wage.  Shake Shack is slated to close nine stores nationwide, with six of them being in the golden state. According to a filing with the Securities and Exchange Commission (SEC),… Continue reading Shake Shack Shuttering Six California Stores Following Controversial Minimum Wage Hike
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