L.A. County supervisors agree to boost minimum wage to $15 an hour by 2020. Hilda Solis. Marcus Yam / Los Angeles Times. L.A. County supervisor Hilda Solis leads a rally by labor groups to raise the minimum wage to $15 by 2020 in Los Angeles on July 21. (Marcus Yam / Los Angeles Times).
The Company's internal growth rates represent the weighted average, year-over-year growth rates of revenues excluding the effects of foreign currency rate fluctuations and acquisitions.
The economic growth rate provides insight into the general direction and magnitude of growth for the overall economy. In the United States, for example, the long-term economic growth rate is around 2 to 5%. Lower economic growth rates are seen in most highly industrialized countries. Fast-growing economies, on the other hand, see rates as high as 10% although this rate of growth is not likely to be sustainable over the long term.