Los Angeles Prepares for the Olympics as the Real Cost Comes Into Focus

Los Angeles is preparing for the Olympics, and the business landscape is already adjusting to new ground rules. For industries operating on thin margins, a $30 an hour wage mandate and a fixed room rate agreement are now required.

In this episode, Mark Wilbur, Chairman of Employers Group and longtime BizFed leader, walks through what happens to businesses from hotels to street-level shops, tracing exactly how wage pressure travels across a regional economy. What starts as an Olympic story quickly becomes a California one.