Do you recall when many restaurant owners in California expressed concerns about massive job cuts and rising prices due to an increase in the minimum wage?

AB 1228 was implemented in California on April 1, establishing a $20 per hour minimum wage for employees working in fast food establishments with fewer than 60 locations nationwide, as well as those in airports, stadiums, and convention centers.

According to a recent report by James Powel, a study conducted by the University of California, Berkeley shows that the anticipated negative outcomes largely did not occur.

Vegas Icon Comes Down

The Tropicana hotel-casino had an impressive legacy, especially for Las Vegas.

Opened in 1957, as Bailey Schulz notes, it was often referred to as the “Tiffany of the Strip” due to its opulence. The resort became famous for its entertainment, featuring the long-running showgirl revue Folies Bergere and renowned jazz artists like Louis Armstrong.

This landmark stood on the Strip for nearly 70 years.

Its demolition took under 30 seconds.

Lawsuit Claims Colleges Overcharged Divorced Parents

A new antitrust lawsuit claims that some of the most affluent colleges in America have been overcharging students whose parents are divorced or separated.

The federal class action, filed Monday in Illinois, alleges that 40 private universities—including Harvard, Yale, MIT, and Stanford—colluded to maintain high costs for students with noncustodial parents, reports Zachary Schermele.

The lawsuit goes into intricate details concerning financial aid for students.

About The Daily Money

Every weekday, The Daily Money provides top-notch consumer and financial news from YSL News, simplifying complex topics, offering the TLDR version, and clarifying how various events—from Federal Reserve interest rate adjustments to bankruptcies—affect you.