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Exhibit CC 05-17-2016 Item No. 20 Minimum Wage Presentation (2)The Effects of a $15 Minimum Wage by 2019 in Santa Clara County by Michael Reich, Claire Montialoux, Annette Bernhardt, Sylvia Allegretto, Sarah Thomason, and Ken Jacobs With the assistance of Saika Belal and Ian Perry Summary of Key Findings April 2016 1 2015 workforce 2017 2018 2019 Baseline schedules* San Jose & Sunnyvale 431,000 $10.53**$10.76**$11.00** Palo Alto & Santa Clara City 211,000 $11.25**$11.50**$11.75** Mountain View 84,000 $13.00 $15.00 $15.37** Rest of Santa Clara County (state schedule)180,000 $10.00 $10.00 $10.00 Scenario schedule Santa Clara County (except Mountain View)906,000 $12.00 $13.50 $15.00 Scenario B: Santa Clara County $15 by 2019 * The schedules used for this analysis were those that were in effect as of March 1, 2016. Proposals being considered by individual cities were not used. We do not take into account the state minimum wage increase enacted on April 4, 2016. ** Where minimum wages are scheduled to increase according to CPI, we estimate the increase using the average annual CPI increase over the past 10 years. Mountain View’s minimum wage is indexed to the San Francisco CMSA CPI-W . All other cities are indexed to the U.S. All Cities CPI-W .2 Schedule of California minimum w age increases State schedule Business with more than 25 employees Businesses with 25 or fewer employees 2017 $10.50 $10.00 2018 $11.00 $10.50 2019 $12.00 $11.00 2020 $13.00 $12.00 2021 $14.00 $13.00 2022 $15.00 $14.00 2023 $15.00 $15.00 3 The new statewide law increases minimum wages to $15 an hour by 2022 for large businesses and 2023 for small businesses. Starting in 2024, the minimum wage will be indexed to the cost of living. New California minimum wage Scenario schedule $12.00 $13.50 $15.00 $15.33* $15.68* $16.03* $16.38* * The scenario schedule after 2019 is indexed using the average annual increase in the U.S. All Cities CPI-W over the past 10 years, which is 2.2%. 4 •Increase earnings for 250,000 workers •Raise average annual earnings of affected workers by 19.4 percent, or $3,200 (in 2014 dollars) •Increase average prices in Santa Clara County by 0.2 percent over three years •Have a net effect on employment that is slightly negative at the county level (1,450 jobs) and close to zero at a 10 county regional level Key Finding for Santa Clara County 5 96% of Santa Clara County workers receiving increases are over the age of 20, and 57% are over 30Age 6 Workers receiving pay increases are much more likely to live in families with incomes below the Federal Poverty Level (FPL). Family poverty level Scenario B: Santa Clara County Industry Percent of affected workforce Percent of workers in the industry receiving an increase Restaurants 20.2%71.0% Retail 16.1%44.4% Administrative & waste management*11.9%47.6% The three industries shown below account for nearly half of all workers receiving increases in Scenario B. Industry impacts * Includes office administrative services, facilities support services, employment services, business support services, and waste management.7 Increase in payroll costs 8 Total payroll impact estimated at 1.0% for Santa Clara County employers Increase in payroll costs 9 The net effect on jobs reflects the balance among factors impacting workers and employers Source: UC Berkeley IRLE Minimum Wage Research Group. Santa Clara County Minimum Wage Employer Survey A Study Conducted by BW Research Partnership In Collaboration with City of San Jose and Institute for Research on Labor and Employment (IRLE) April 2016 The majority of surveyed employers report that they will likely have to increase prices for customers, but that their employees will be more satisfied and productive given a minimum wage increase. 8.3% 12.5% 18.0% 17.8% 21.2% 22.0% 42.1% 40.9% 12.7% 14.1% 21.2% 22.2% 20.7% 23.2% 20.7% 24.7% 58.5% 57.5% 45.0% 46.7% 43.4% 34.9% 20.7% 22.0% 10.4% 8.5% 9.5% 7.9% 7.9% 11.4% 9.7% 6.8% You will have to close the business You will move the business to a community that has a lower minimum wage You will reduce the hours for your minimum wage employees You will reduce the total number of workers that you employ You will invest in technologies that reduces the need for workers and lowers labor costs Your costs of employee turnover will decrease because employees will be less likely to quit Your employees at the minimum wage will be more satisfied and more productive You will need to increase prices to your customers to pay for the increased wages Very likely Somewhat likely Though the majority agree it will positively impact the community, most also feel increasing the minimum wage will make it harder to start new businesses. 37.8% 41.9% 55.2% 58.3% 22.8% 23.4% 19.5% 17.8% 11.2% 10.0% 11.0% 9.5% 7.3% 5.4% 4.4% 3.5% 18.1% 15.8% 7.3% 9.1% If the minimum wage increases, it will make it harder to start and grow businesses in our community An increase in the minimum wage will help reduce income inequality in our community It would be better to increase the minimum wage the same for all cities in the County, rather than having different rates for… An increase in the minimum wage makes sense for our community, given our high cost of living Agree Somewhat agree Neither agree nor disagree Somewhat disagree Disagree Don't know/ Refused California minimum wage exemptions 13 Policy Issues: State Exemptions •Learners (regardless of age) –May be paid not less than 85% of the minimum wage rounded to the nearest nickel during their first 160 hours of employment in occupations in which they have no previous similar or related experience. •Allows the governor to postpone a wage increase during an economic downturn. –Negative economic conditions, including negative job growth or retail sales. –Governor may act by Sept. 1 of each year to pause the next year's wage increase if a budget deficit is forecasted of more than 1% of annual revenue. 14 Policy Issues: City Learner Exemptions •Most incorporate the state’s learner exemption. •4 exempt youth training programs operated by a non-profit corporation or government agency (Sacramento, Richmond, Berkeley, San Diego). •1 exempts publicly subsidized job-training and apprenticeship programs for teens (San Francisco) •2 extend the state learner provision to 480 hours or 6 months (Santa Monica, Long Beach) 15 Policy Issues: Local Exemptions •Mountain View and Sunnyvale included no exemptions in their ordinance. •San Jose has a collective bargaining waiver 16 Policy Issues: Transitional Job Programs •Transitional jobs programs provide short-term, subsidized employment and supportive services through a non-profit organization to help participants overcome barriers to employment. •Most minimum wage laws treat transitional jobs programs the same as other non-profit organizations. •In Los Angeles and Santa Monica, participants in transitional jobs programs that meet specified criteria are exempted from the higher minimum wage for a maximum of 18 months. 17 Policy Issues: Small Businesses •The new California minimum wage law (SB 3) and a number of the local laws provide an additional phase-in year for small businesses. •“Small business” is commonly defined in these laws as 25 employees or fewer. Conclusions •Higher wage costs would be absorbed through improved productivity, reduced worker turnover, and modest price increases. •Net effects on employment would be very slightly negative at the city and county levels and close to zero at the regional level. •The resulting improvement in living standards would outweigh the small effects on employment. 18 Next Steps •Detailed Economic Analysis –June 2016 •Cities Association meeting –June 9, 2016 19 The Institute for Research on Labor and Employment (IRLE)is a research organization at UC Berkeley.Created in 1945,IRLE brings together faculty from multiple academic departments and supports interdisciplinary research about labor and employment relations.IRLE sponsors several community service programs and research centers. This is a presentation from the Center on Wage and Employment Dynamics at IRLE.The Center on Wage and Employment Dynamics was established in June 2007 to provide a focus for academic and policy research on wage and employment dynamics in contemporary labor markets. BW Research is a full-service applied research firm that is focused on supporting our clients with economic &workforce research,customer & community research,as well as strategic planning and evaluation services. 20