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AgdaPkt 2021.04.12 Joint SA PFA - Complete Agenda Packet
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AgdaPkt 2021.04.12 Joint SA PFA - Complete Agenda Packet
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Last modified
4/22/2021 4:49:08 PM
Creation date
4/22/2021 4:37:02 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
4/12/2021
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8.A. - Page 47 of 73 <br />Consumer and Community Impacts of Hazard Pay Mandates <br />Table of Contents <br />EXECUTIVE SUMMARY........................................................................................................................ 4 <br />INTRODUCTION....................................................................................................................................................... 6 <br />BACKGROUND - GROCERY IS A LOW -MARGIN, HIGH -LABOR COST BUSINESS ................................ 6 <br />COVID-19 TEMPORARILY BOOSTED PROFITS........................................................................................................................ 6 <br />BUT THE INCREASES ARE SUBSIDING........................................................................................................................................ 7 <br />MANY STORES INCUR LOSSES IN NORMAL YEARS................................................................................................................... 8 <br />MANDATED WAGE INCREASES WOULD PUSH MOST STORES INTO DEFICITS...................................................................... 8 <br />POTENTIAL IMPACTS ON CONSUMERS, WORKERS AND COMMUNITIES ............................................. 8 <br />HIGHER COSTS PASSED ALONG TO CONSUMERS...................................................................................................................... 9 <br />HIGHER COSTS ARE OFFSET BY JOB AND HOURS WORKED REDUCTIONS............................................................................ 9 <br />SOME COMMUNITIES WOULD LIKELY BECOME FOOD DESSERTS........................................................................................10 <br />CONCLUSION......................................................................................................................................................... 11 <br />H1. <br />
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