AGREEMENT FOR SERVICES WITH RCLCO FOR AN ECONOMIC ANALYSIS OF A RESIDENTIAL CONSTRUCTION MINIMUM WAGE? [L. BIERY, P. KESPRADIT]

AI Summary

Using city funds, this proposal would cost residents approximately $85,000 to conduct an economic analysis of a potential residential construction minimum wage. This analysis could influence future wage policies affecting construction workers in West Hollywood, potentially impacting housing costs and development timelines.

How does this affect you?

If you are a resident of West Hollywood, this analysis could lead to changes in the minimum wage for construction workers, which might affect the cost and speed of residential construction projects. This could influence housing availability and prices, potentially impacting your rent or property value. Additionally, if you work in construction, this could affect your wages and job opportunities.

Fiscal impact

$85,000 from the General Fund

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