Ordinance on Workers and Businesses” (Los Angeles Alliance for a New Economy).

This reduced labor market turnover yields significant savings for employers by reducing recruitment, re-training and restaffing costs. Studies of hotel, retail and restaurant workers in four cities found replacement costs for non-managerial workers ranged from $2,090 to as high as $12,882 per hire. J. Bruce Tracey and Timothy R. Hinkin, The Cost of Employee Turnover: When the Devil Is in the Details (Cornell University School of Hospital Administration, The Center for Hospitality Research, 2006); Robert Pollin and Mark D. Brenner, Economic Analysis of the Santa Monica Living Wage Proposal, (Amherst MA: University of Massachusetts, Political Economy Research Institute, 2000).   

The Harvard Business Review estimated that in skil...

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