In The News: Lee Business School
With overall inflation down from a summer 2022 peak, the Federal Reserve’s effort to tame inflation through monetary policy has been on many accounts successful. However, households across the United States are still feeling the pinch in one specific area: housing. In this sector, inflation is running two points higher than the mainline rate.
With overall inflation down from a summer 2022 peak, the Federal Reserve’s effort to tame inflation through monetary policy has been on many accounts successful. However, households across the United States are still feeling the pinch in one specific area: housing. In this sector, inflation is running two points higher than the mainline rate.
In Nevada, about 17% of workers earn their income from tipped jobs, which is the highest rate in the United States, according to the Center for Business and Economic Research at the University of Nevada Las Vegas. Tipping is such a hot topic in Vegas that both Presidential candidates promised to eliminate taxes on tips to increase these workers' incomes. One study found that Nevada doesn’t even crack the top five for annual casino dealer salaries.
Findings from researchers at UNLV show a major housing issue for Nevadans. According to the Lied Center for Real Estate, 40 percent of all newcomers to Las Vegas are moving here from California. They analyzed income data from the LRS and discovered those Californians are coming here with more cash in their pockets to buy a home than an average Nevada homebuyer.
Nevada continues to see high unemployment numbers and locals across the valley are weighing in on the struggles they’ve seen.
Californians moving to Nevada earn about a third more than in-state residents who didn’t move, according to a new study by UNLV.
The Tropicana collapsed with a bang. The iconic casino was demolished early Wednesday to make way for a baseball stadium, part of a shift that Las Vegas officials hope will boost the city's economic future as concerns about affordability mount on and off the Strip, the iconic thoroughfare home to the city's most celebrated hotels.
The Tropicana collapsed with a bang. The iconic casino was demolished early Wednesday to make way for a baseball stadium, part of a shift that Las Vegas officials hope will boost the city's economic future as concerns about affordability mount on and off the Strip, the iconic thoroughfare home to the city's most celebrated hotels.
Las Vegas Valley residents need to make $111,416 a year to “live comfortably,” according to a new Banking Rates study. This puts the valley as the 16th most expensive metro to live in the U.S. out of 50 metros analyzed with the Las Vegas Valley ranking above such cities as Atlanta, Nashville and Phoenix.
With median home prices near an all-time high and a severe shortage of affordable units, local housing experts say Democratic presidential nominee Kamala Harris’ housing plan could be a good start to solving the problem.
Female CEOs were held in higher regard when they reacted to shareholder activism—attempts by shareholders, often hedge funds, to wield their influence as partial owners to bring about change in a corporation—using cooperative approaches. Similarly, the study found that male CEOs were regarded more highly when they used dominant or assertive stances, and less highly when they were communal.
In March, GOED unveiled a study by UNLV’s Brookings Mountain West, Center for Business and Economic Research and Transportation Research Center that found that state economic development is siloed across jurisdictions. Unlike in neighboring regional metropolitan centers, Southern Nevada lacks a governance structure to facilitate the planning and coordination needed to realize regional economic and infrastructure priorities.