K2 Economics
February 6, 2017
With the recent election results dominating headlines everywhere, many are anticipating swift and dramatic changes in various sectors of U.S. policy. One such area garnering attention is immigration. California has the highest number of undocumented workers in the country. It will be interesting to see how the new policies will affect undocumented workers when filing […]
K2 Economics
March 17, 2016
Today, technological advances are made seemingly daily and institutions large and small from governments and Fortune 500 Companies to mom and pop shops are becoming increasingly reliant on technology and in turn increasingly vulnerable. The biggest appeal of technology is that it can make business far more efficient and reduce costs. However, as economists, we […]
K2 Economics
February 29, 2016
Tax ruling confirms protocol on job-related judgments The California Court of Appeal recently confirmed that employment-related settlements or judgments are wages from which employers must withhold payroll taxes. In Cifuentes v. Costco Wholesale Corp., Cifuentes challenged former employer Costco’s withholding of payroll taxes from a wrongful termination judgment. The court ruled in favor of Costco, […]
K2 Economics
February 22, 2016
In many cases, pain and suffering, which is considered non-economic damages, is a significant portion of the total damages. For example, the case of Russell Sheaffer vs. NuCO2* was one where the Plaintiff suffered personal injuries as a result of a motor vehicle incident. In June of 2015, the Plaintiff was awarded over $17 million in damages. […]
K2 Economics
February 15, 2016
There are lawyers that often do not utilize the services of an expert economist, especially when the earnings portion of the case appears cut and dry. Instead, they choose to calculate the damages in-house in the interest of cutting costs. We are going to discuss a hypothetical personal injury case which seems to have a […]
K2 Economics
January 13, 2016
According the US Department of Labor – Wage and Hour Division, in FY 2015, over $246 million in back wages for over 240,000 workers was collected. View full statistics here: https://www.dol.gov/whd/statistics/statstables.htm With the number of Wage & Hour claims increasing, hirings an expert economist to calculate the damages can be a great asset to have in court.
