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A new California law will require that most food-service workers get paid at least $20 per hour starting next year.

But hundreds of pizza delivery drivers in the Los Angeles area are about to discover Thomas Sowell’s famous adage that the true minimum wage is zero.

Pizza Hut announced Wednesday that it would lay off about 1,200 delivery drivers in Los Angeles, Orange, and Riverside counties, CBS News reported. Pizza Hut franchises are outsourcing delivery to third-party apps like GrubHub and UberEats as a cost-saving measure in advance of the new law taking effect.

The layoffs are likely to take effect in February, The Los Angeles Times reports, just weeks before the new, higher minimum wage hits.

California’s minimum wage for all workers is already $15.50, one of the highest wage floors in the country. The new $20 per hour minimum wage applies to all employees of fast-food chains with at least 60 locations in the country.

Gov. Gavin Newsom signed the fast food worker minimum wage proposal into law in September. The law also created a new state board, the Fast Food Council, that will play a role in setting labor standards and future wage increases for many food-service jobs.

That the new wage mandate is already costing jobs should not be much of a surprise. Perhaps worse is the unseen costs in the form of jobs that will never exist in the first place. Like burger-flipping in a fast-food joint, pizza-delivery gigs are low-level employment opportunities for workers with low skills or those seeking a little extra cash. Hiking the minimum wage means some workers will earn more, but other people will effectively be priced out of the labor market.

“Labor costs account for one-third of fast-food costs, so prices will rise. McDonald’s and Chipotle already have announced higher prices for next year,” Reason contributor Steven Greenhut wrote last month. “For most of us, the higher prices will mean a little less pocket cash and a lot more home-cooked meals. But think about the lost opportunities for people who need them the most.”

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Larson wins 2nd NASCAR Cup title, denies Hamlin

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Larson wins 2nd NASCAR Cup title, denies Hamlin

AVONDALE, Ariz. — Kyle Larson knew he wasn’t going to catch Denny Hamlin in the final laps on Sunday, not without the sort of help that only a caution flag can bring.

Larson got his lucky break.

Hamlin only got heartbreak.

Larson is now a two-time NASCAR champion after denying Hamlin what would have been his first career title when a late caution at Phoenix Raceway sent the championship-deciding finale into overtime.

Without that caution, which came with three laps to run, Hamlin had it locked up and was ready to finally shed the label of greatest NASCAR driver to never win a championship. But fellow title contender William Byron got a flat tire and hit the wall to bring out the caution, and a few minutes later, it was over.

“Just unbelievable,” Larson said. “I cannot believe it.”

Neither could Hamlin.

“I really don’t have much for emotion right now. Just numb about it ’cause just in shock,” Hamlin said after consoling his crying daughters on pit road. “We were 40 seconds away from a championship. This sport can drive you absolutely crazy because sometimes speed, talent, none of that matters.”

When the caution for Byron came out, Hamlin led the field down pit road and got four new tires on his Toyota; Larson only took two tires on his Chevrolet. It meant Larson was fifth for the two-lap sprint to the finish, with Hamlin back in 10th.

With so little time to run down Larson, Hamlin came up short with a sixth-place finish as Larson finished third. Ryan Blaney, who was eliminated from title contention last week, won the race.

“You do have to feel for that group and Denny. Doing a good job all day, it not playing out for him. But that is racing. It sucks sometimes,” Blaney said. “They can hang their head about it, but they should be very proud about the effort. They had the fastest race car here. Just one of those things where it doesn’t work out. Looked like it was going into his favor, unfortunately for him, it didn’t.”

It is the second championship for Larson, who won his first title in 2021 when he joined Hendrick Motorsports.

As Larson celebrated, Hamlin sat in his car motionless for several seconds, then wiped his face with a white towel, never showing any emotion.

Larson, who has been in a slump since his disastrous Memorial Day attempt to race both the Indianapolis 500 and Coca-Cola 600 on the same day, was also in shock.

“We didn’t lead a lap and won the championship,” Larson said. “We had an average car at best and had the right front [tire] go down, lost a lap and got the wave around, saved by the caution with the wave around. It’s just unbelievable. What a year by this motorsports team.”

When Hamlin finally got out of his car he embraced his crew members but it was a scene of disbelief among the Joe Gibbs Racing crowd. Team members were crying, some sitting in shock on the pavement; Gibbs himself stood silent, one hand on his hip and a look of disbelief on his face.

It is the sixth shot at a title to slip away from Hamlin in his 20 years driving for Gibbs. He led 208 of the 319 laps and started from the pole.

“Nothing I could do different. I mean, prepared as good as I could coming into the weekend and my team gave me a fantastic car,” Hamlin said. “Just didn’t work out. I was just praying ‘no caution’ and we had one there. What can you do? It’s just not meant to be.”

He said crew chief Chris Gayle made the correct call with four tires, but too many others took only two, which created too big of a gap for Hamlin to close on Larson in so little time.

The 44-year-old Virginia native had been extremely jinxed in five previous championship finales, with bad luck, bad strategy and bad cars breaking his heart in 2010, 2014, 2019, 2020 and 2021. Sunday was his first time eligible in the winner-take-all race in four seasons.

Hamlin was remarkably loose and calm all week, rented three houses in Scottsdale for 30 friends and family, won the pole and then dominated Sunday’s race.

He just didn’t close it out.

“Man, if you can’t win that one, I don’t know which one you can win,” Hamlin said.

Larson was OK during the race, but hasn’t won since early May, a slump that has now extended to 24 consecutive races.

Hamlin teammate Chase Briscoe finished 18th in his debut in the championship finale, while Larson teammate Byron was 33rd after his late issue. He felt awful for ruining Hamlin’s chance even though his Hendrick Motorsports teammate won the championship.

“I’m just super bummed that it was a caution obviously. I hate that. Hate it for Denny. I hate it for the 11 team,” Byron said. “I mean, Denny was on his way to it. I hate that. There’s a lot of respect there. I obviously do not want to cause a caution. If I had known what tire it was, known that a tire was going down before I got to the corner, I would have done something different.”

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Technology

China’s Baidu says it’s running 250,000 robotaxis a week — same as Alphabet’s Waymo did this spring

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China's Baidu says it's running 250,000 robotaxis a week — same as Alphabet's Waymo did this spring

Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.

Baidu

BEIJING — As Baidu ramps up its robotaxi operations worldwide, fully driverless weekly rides as of Oct. 31 have now surpassed 250,000 orders, according to a spokesperson for the company’s driverless car unit Apollo Go.

That’s on par with what Waymo reported in late April for its weekly paid U.S. rides. When contacted by CNBC, Waymo did not have a new specific figure to share. The Alphabet-backed robotaxi operator primarily operates in San Francisco and Los Angeles in California and Phoenix, Arizona. Waymo partners with Uber in Austin and Atlanta.

The ramp up in Baidu’s robotaxi capabilities comes as Chinese and U.S. companies have been competing for leadership in advanced technology, including artificial intelligence, electric cars and autonomous driving.

It was not clear for how long Apollo Go has been operating 250,000 rides a week. For the quarter ended June 30, the company averaged about 169,000 rides a week based on CNBC calculations of the 2.2 million fully driverless robotaxi rides disclosed for the period.

Baidu’s Apollo Go primarily operates robotaxis in Wuhan and parts of Beijing, Shanghai and Shenzhen in mainland China. The company is also expanding to Hong Kong, Dubai, Abu Dhabi and, most recently, Switzerland. Robotaxis typically must undergo phases of public testing before local regulators allow companies to charge fares.

Apollo Go said it has received 17 million robotaxi ride orders to date, and that its cars have driven 240 million kilometers (149 miles), with 140 million fully driverless rides.

Phoenix Mayor Kate Gallego on being first to take the robotaxi risk

On safety, Apollo Go disclosed on average there has been one airbag deployment incident for every 10.1 million kilometers driven, but so far there’s has not been any major accident involving human injury or death.

Baidu is scheduled to next release its quarterly results on Nov. 18 before U.S. market open. The company is set to hold its annual tech conference in Beijing on Nov. 13.

Weekly robotaxi figures from Chinese rivals Pony.ai and WeRide were not immediately available. Waymo did not immediately respond to a request for an update to the figures shared in April.

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Politics

Elizabeth Warren rebuffs CZ defamation threat as ‘without merit’

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Elizabeth Warren rebuffs CZ defamation threat as ‘without merit’

Elizabeth Warren rebuffs CZ defamation threat as ‘without merit’

Changpeng Zhao’s lawyer, Teresa Goody Guillén, reportedly threatened to sue Warren for “defamatory statements” on X after CZ secured a pardon from Trump.

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