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Correspondence - #30
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03/02/2021 Regular
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Correspondence - #30
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3/3/2021 3:42:40 PM
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3/1/2021 3:12:17 PM
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City Clerk
Item #
30
Date
3/2/2021
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Consumer and Community Impacts of Hazard Pay Mandates <br />Table of Contents <br />EXECUTIVE SUMMARY <br />INTRODUCTION <br />BACKGROUND - GROCERY IS A LOW -MARGIN, HIGH -LABOR COST BUSINESS <br />COVID-19 TEMPORARILY BOOSTED PROFITS ..................................................... <br />BUT THE INCREASES ARE SUBSIDING..................................................................... <br />MANY STORES INCUR LOSSES IN NORMAL YEARS ................................................ <br />MANDATED WAGE INCREASES WOULD PUSH MOST STORES INTO DEFICITS... <br />POTENTIAL IMPACTS ON CONSUMERS, WORKERS AND COMMUNITIES <br />HIGHER COSTS PASSED ALONG TO CONSUMERS ................................................... <br />HIGHER COSTS ARE OFFSET BY JOB AND HOURS WORKED REDUCTIONS ......... <br />SOME COMMUNITIES WOULD LIKELY BECOME FOOD DESSERTS ....................... <br />CONCLUSION <br />................ 4 <br />.................. 6 <br />.................. 6 <br />..................... 6 <br />..................... 7 <br />..................... 8 <br />..................... 8 <br />.................. 8 <br />..................... 9 <br />..................... 9 <br />...................10 <br />............... 11 <br />
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