We must see real estate market for what it truly is: an institution rooted in settler colonialism that allows land (and the housing that sits atop it) to be distributed and controlled by those who have enough money for their preferences to matter.
Throughout its history, the fossil fuel industry has played a major role in the development of the City of Los Angeles. Due to over-development and a history of poor, often racialized, land use decisions, many drilling sites are located in communities with a higher percentage of residents of color, and high rates of poverty, unemployment, and linguistic isolation.
Supporters of higher wages say they hope the move will reverberate nationally. Gov. Andrew M. Cuomo of New York announced this month that he was convening a state board to consider a wage increase in the local fast-food industry, which could be enacted without a vote in the State Legislature. Immediately after the Los Angeles vote, pressure began to build on Mr. Cuomo to reject an increase that falls short of $15 an hour.
According to a new independent report from the Economic Roundtable, raising the minimum wage to $15.25 will create $5.9 billion for LA’s economy, generate 46,400 new jobs, and increase state and local tax revenue by $414 million.
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