(Just The News)—The Center for Union Facts, an anti-union advocacy group, ran a full-page ad imploring the Los Angeles City Council to not adopt a $30 hotel minimum wage, citing state data showing the city lost 11,000 hotel jobs in 2024 despite a growing population.
The $30 minimum wage would apply to hotels with 60 or more guest rooms, and Los Angeles International Airport concessionaires with more than 50 employees, with an additional health benefit payment — redeemable as cash wages for employees with separate healthcare — at $8.35 per hour for employees at covered hotels, and $5.95 per hour for covered LAX concessionaires.
The current minimum wage at impacted hotels is $20.32 per hour, while the minimum wage at LAX is $19.28 per hour. The Los Angeles citywide minimum wage is $17.28 per hour.
The benefits payments and first wage hike to $22.50 per hour would come into effect in full on July 1, 2025, rising to $30 per hour on July 1, 2028.
“The proposed ordinance calls for a dramatic increase in hotel wages within 60 days of adoption. Increasing hourly wages to $24.40 with an additional $8.35 for health benefits would result in a 69% increase in payroll in just two months,” wrote the Hotel Association of Los Angeles in opposition. “No industry can afford that financial uptick in such a short period of time.”
According to an April report from the American Hotel and Lodging Association, LA ranks last among major U.S. cities in post-COVID recovery, and with current visitor levels at just 79% of what they were in 2019.
A CUF analysis of state data found the city lost 11,000 hotel jobs in 2024 as a result, and warned in a full-page advertisement on Thursday, the day before an anticipated final vote approving the new wage and benefit ordinance, that “this new proposal will kill more jobs and raise costs for visitors.”
Los Angeles City Councilman Hugo Soto-Martinez, a former employee of Unite Here! Local 11, the hospitality industry union backing the wage hike, first introduced the motion two years ago and said persistent inflation means a wage increase is necessary to keep workers afloat.
“Overall cost of living rose 6% in the US,” said his office in a news post. “Corporations have seen unprecedented profit growth – the S&P 500 increased by a whopping 43% since we originally introduced the motion.”
“Yet, despite soaring inflation and record corporate profits, low-wage workers were iced out. Not anymore,” continued Sot-Martinez.
Los Angeles City Council is holding a final, likely procedural vote on the motion Friday that is likely to succeed given last week’s 12-3 vote in favor of the ordinance.
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
