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Garcetti says housing shortage, minimum wage linked in Los Angeles
Garcetti says housing shortage, minimum wage linked in Los Angeles

The housing shortage in Los Angeles – possibly the most severe since the end of World War II – is linked to a low minimum wage and a host of other economic issues in the city, according to Mayor Eric Garcetti. Garcetti, in a speech at the Mayoral Housing, Transportation & Jobs summit on Wednesday, unveiled plans to build 100,000 new housing units by 2021. “But the fact remains that even with dramatic increases in market-rate and affordable housing, L.A. will continue to be an expensive city in which to live,” Garcetti said at the event, which was hosted by advocacy group Los Angeles Business Council at the UCLA Anderson School of Management.  Garcetti is...

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