Understanding the Economic Risks

The True Cost of Proposition 499

Explore comprehensive studies and reports that reveal the negative economic impacts of Proposition 499 on Glendale’s economy, workforce, and essential services.

What is Proposition 499?

Proposition 499 is a proposed measure that would mandate higher minimum wages, limit voluntary overtime, and impose additional regulatory burdens on Glendale businesses. This initiative would create a new city department to enforce these regulations, costing taxpayers millions annually and potentially leading to cuts in essential services like police and fire departments. The proposition poses significant risks to Glendale’s economic stability and could result in job losses, increased costs for consumers, and reduced business investment.

Key Studies and Reports

Summarized findings from critical research on Proposition 499.

Economic Impact Analysis

Studies indicate that similar measures in other cities have led to job losses, higher consumer prices, and reduced business investments.

Job Market Study

Research shows that Proposition 499 could result in significant job losses, particularly in small businesses already struggling with workforce shortages.

Consumer Cost Report

Analyses reveal that increased wages and regulations could drive up costs for consumers, making Glendale less competitive.

Regulatory Burden Assessment

Proposition 499 would add hundreds of hours of regulatory compliance for businesses, leading to increased lawsuits and driving businesses away from Glendale.

Economic Consequences Overview

Overall, the initiative could severely impact Glendale’s economic growth, making it crucial for voters to understand the full implications before making a decision.

Economic Impact Statistics

Key data points illustrating the negative economic effects of similar measures.

Job Losses in Similar Cities

Studies show that cities with similar regulations experienced significant job losses, with over 15,000 positions eliminated in the first year alone.

Increased Business Costs

Businesses saw a 25% increase in operational costs due to new wage and regulatory requirements, leading to higher prices for consumers.

“As a small business owner, Proposition 499 threatens my ability to keep my doors open. The increased costs and regulatory burdens are simply too much to bear.”

Jane Doe

Owner, Glendale Café

“Our community relies on local businesses to thrive. Proposition 499 will force many of us to cut jobs or even shut down, which is devastating for everyone.”

John Smith

President, Glendale Chamber of Commerce

“The additional bureaucracy and costs introduced by Proposition 499 will make it nearly impossible for small businesses like mine to survive. We need to vote NO to protect our livelihoods.”

Emily Johnson

Owner, Johnson’s Bookstore

“As a community leader, I see firsthand how Proposition 499 will negatively impact our local economy. It’s crucial that we stand together and vote NO.”

Michael Brown

Community Leader

Take Action Now

Proposition 499 threatens Glendale’s economy and essential services. Your vote can make a difference. Vote NO on Proposition 499 to protect local jobs and keep our community thriving.