Roxana Tynan
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- Milken Institute57 min
2016 CA Summit - Gains and Pains: The Cost of Providing Californians a Living Wage
Ben Bergman, Ross DeVol, Rusty Hicks, Ken Jacobs, Roxana Tynan
California's mandate to raise the minimum wage to $15 per hour by 2023 will directly benefit 6.4 million workers, primarily adults and college-educated breadwinners earning below the bottom 30% of the wage distribution. While experts like Russ Duvall warn of regional cost disparities and potential business relocation, economists such as Ken Jacobs argue that increased consumer spending and reduced turnover will balance higher prices to maintain overall employment levels. The event further underscores that wage hikes alone are insufficient for housing affordability, advocating for integrated solutions like expanded Career Technical Education and updated housing policies to address long-term economic inequality.
- Milken Institute1h 14m
The High Cost of the California Dream
Matt Miller, Roxana Tynan, Joel Singer, Antonio Villaraigosa, Rudy Espinoza, Louis Feldman, Aliza Carney-Gurin, Mark Stagan, Dan Hamilton, Eve Chair, Michael Banner
Hosted by Matt Miller at the Milken Institute, a panel of civic leaders including Antonio Villaraigosa and Joel Singer analyzed the stagnating wages and soaring costs of housing, healthcare, and education that are eroding California's middle class. The discussion identified outdated zoning laws and NIMBYism as primary drivers of an affordability crisis while proposing solutions such as density bonuses, pension restructuring, and micro-equity investments to spur entrepreneurship. Ultimately, the panelists argued that reversing the state's talent drain requires a combination of regulatory reform, higher wages, and inclusive immigration policies to restore economic competitiveness.