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Will Electric Vehicles Jolt L.A.'s Economy?
Will Electric Vehicles Jolt L.A.'s Economy?
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Good news for L.A.'s industrial sector: A new report from the LAEDC found that the region is likely to benefit immensely from the state's surging electric vehicle industry. What's more: the average annual wage for EV workers hit $80,900 in 2018, well above the California's average of $60,400.
We also return to a story about the gender pay gap in Los Angeles tech, where women make just 82 cents in real income for every dollar made by men. Why? A recent study found housing costs play an outsized role, but Grid110 executive director Miki Reynolds disagrees. She points to cultural blind spots, and argues for increased transparency, honesty and access to resources: "Talking about money and personal finances has always felt so taboo. Instead, we should be encouraged to have more candid discussions and be equipped with the proper resources to navigate these topics." Read her piece, and let us know what you think can help address the pay disparity in the city's tech industry.
Los Angeles County is cementing its position as the nation's center of the electric vehicle industry, where some 118K jobs focus on everything from car design to better batteries. That's the latest finding on the industry from the Los Angeles Economic Development Corp. Looking ahead, economists predict the state's goal of having five million electric vehicles on the road by 2030 will help California create more jobs and compete with states such as Michigan. The LAEDC projects the number of Californians working in the EV industry will rise to 312,000 by 2023. Read more >>
Miki Reynolds writes in a guest column: "I know that lack of transparency about salaries, a better understanding of one's company culture and employees, and mentorship driven community programs are three of the key ways that can help to close that wage gap for women. After all, according to a recent article in the Harvard Business Review, women negotiate and ask for raises just as often as men — they are just less likely to receive them.
So what can the tech and venture community do about greater transparency? How can cities play a role in building stronger tech ecosystems? And, why should they care?" Let us know your thoughts on Twitter >>
Netflix's latest streaming ambitions — fans streaming into Los Angeles area clubs and arenas for its first-ever comedy festival set for May. The company on Monday announced it's launching the first "Netfix Is a Joke Fest," with 100 performances of comedy stars across 20-plus venues in the area. See a rundown of venues and shows >>
With Super Tuesday just hours away, Los Angeles voters have not been thrilled with a $300 million voting overhaul. The L.A. Daily News reports the new system was glitchy. "So many voters here in Los Angeles are encountering technical problems," tweeted one voter, Shannon Miller, on Monday. Maybe Saturday's early voting got some of the kinks out before Election Day? Read more >>