A development firm worth $60 billion intends to challenge a state decision that it must pay prevailing wages to workers on its massive project planned for Santa Clara.
The $8 billion Related Santa Clara project, from New York City-based firm The Related Companies, benefits from public subsidies granted by the city.
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nless you’ve been living under a rock, you’ve noticed the cost of living – including gas, food, rent and everything else – has gone way up. There is a sliver of hope for residents of certain California cities, where wages are also going up.
MoneyGeek analyzed data from the Bureau of Labor Statistics in the country’s 75 largest metro areas to determine where wages are going up and where they’re going down.
Did earnings go up in California’s biggest cities? MoneyGeek found mixed results.
Of the large metro areas, Fresno saw the biggest jump in wages in 2022. In Fresno, hourly wages went up nearly 8%, according to MoneyGeek data shared with Nexstar. Despite that jump, Fresno residents still earn less than residents of most major California cities on average.
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