Downtown LA's vacancy rate is 12%, which is the highest it's been since 2000 and triple the overall rate for LA -- and downtown LA is also the site of LA's skid row, whose population surged by 20% last year, thanks to a dramatic increase in homelessness among veterans and under-24s.
The median rent for a one-bedroom apartment in DTLA is $2,500.
The justification for markets is efficient allocations of scarce resources. Market failures are always problematic, but when markets fail over foundational services and goods necessary for survival -- food, shelter, water, health care -- they indict themselves as literally unfit for human survival.
KPCC reported that supply has now outpaced demand, with approximately 2,000 of the 21,000-plus market-rate rentals sitting vacant. As a result, landlords have been offering deep discounts and perks for renters willing to sign long-term leases. This includes up to several months of free rent and free parking for a year. Despite these perks, landlords still have had difficulty filling the buildings.
Downtown L.A. Vacancy Rate Highest In 17 Years
(via Late Stage Capitalism)
(Image: demxx, CC-BY)
Last week, the National Center for Transgender Equality discharged all employees in a bargaining unit organized under the Nonprofit Professional Employees Union (NPEU); the employees were seeking recognition of a union.
Kickstarter's workers have been trying to form a union, and they say that the company fired its most prominent union organizers under the pretense of performance issues, but really in order to get them out of the way and head off the unionization drive.
Rev.com is a "gig economy" audio transcription company that operates under the fiction that its employees are "independent contractors."
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Seems like no matter what kind of wireless earbud you buy, you’re sacrificing something: Sound for longevity, battery life for durability, the list goes on. Finally, it seems like the tech is starting to come together for the full package in a few newer models. Case in point: These PaMu Slide Bluetooth 5 In-Ear Headphones. […]
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