More than one third of college faculty nationwide took a pay cut this academic year, and overall faculty pay showed no salary increase, according to a new report. [Chronicle of Higher Education] The typical professor had received a pay raise of... (Continue reading)
The increase in California’s minimum wage may have come at the expense of teen employment, according to some economists. [Daily Bulletin] Minimum wage in California has increased roughly 18 percent since 2005, but the Employment Policies Institute (EPI) claims the result... (Continue reading)
While the Central Coast is a beautiful place to live, it fails to provide some of the community support systems required to help entrepreneurs thrive in San Luis Obispo County, according to a consensus of three business owners at the... (Continue reading)
BY GREG KUDLICK It just amazes me that nobody in power, nobody in the “know,” actually understands what is going on. This is an enormous economic shift, one of the largest in our history, maybe the largest. I don’t say this lightly.... (Continue reading)
A new study out of UCLA suggests that comprehensive immigration reform would add an estimated $1.5 trillion to the U.S. gross domestic product over the next ten years. [Los Angeles Times] The report, authored by UCLA associate professor Raul Hinojosa–Ojeda, claims... (Continue reading)
BY JEFF BLISS We have become 99 percent money mad. The method of living at home modestly and within our income, laying a little by systematically for the proverbial rainy day which is due to come, can almost be listed among... (Continue reading)
Holiday sales nationally are not looking good, according to The Wall Street Journal. The first week of December was especially slow, with sales dropping 18 percent over the previous week. One retail observer is saying, “It looks like the middle... (Continue reading)
Shoppertrak, a national consumer spending research group, reports that retail sales nationally for “Black Friday,” supposedly the busiest retail day of the year, increased only 0.5 percent over 2008. Meanwhile, the Los Angeles Times cites research indicating 195 million shoppers hit... (Continue reading)