Powell meets a changed economy: Fewer workers, higher prices
Sep 24, 2021 55 secs

The Fed chair asked Cheetie Kumar, a restaurant owner in Raleigh, North Carolina, why she has had such trouble finding workers.

Kumar told Powell that many of her former employees have decided to permanently leave the restaurant industry.

Kumar said her restaurant now pays a minimum of $18 an hour, and she added that higher wages are likely a long-term change for the restaurant industry.

“We cannot get by and pay people $13 an hour and expect them to stay with us for years and years,” Kumar said.

Jill Rizika, president of Towards Employment, a workforce development nonprofit in Cleveland, said she sees the striking disconnect every day between companies that are posting millions of job openings and people who are struggling to find work and escape poverty.

Larry Andrews, president of Massachusetts Growth Capital, a state agency that supports small businesses, said that on a recent tour of the state, one café owner told him that a case of eggs had skyrocketed in price since the pandemic hit

Another restaurant owner said that a jug of cooking oil had risen from $17 to $50 — “if you can get it.”

1. Flame In The Flood Developer Acquired By CD Projekt Group - Nintendo Life
Oct 23, 2021 # technology 1 min, 15 secs
2. Elon Musk is 'the richest person to ever walk the planet,' Forbes says - SFGate
Oct 26, 2021 # politics 23 secs
3. Impact Wrestling reached out to three former WWE stars about appearing at Bound For Glory - Wrestling News
Oct 24, 2021 # entertainment 26 secs
4. Georgia man used most of Covid business loan to buy $57,000 Pokémon card, prosecutors say - NBC News
Oct 25, 2021 # politics 21 secs
5. Vikings were in North America by 1021 CE
Oct 20, 2021 # breaking 1 min, 11 secs
6. Episode 12 - Fena: Pirate Princess - Anime News Network
Oct 25, 2021 # technology 1 min, 30 secs
7. S. Korean union workers in 'Squid Game' costumes demand job security - Insider
Oct 21, 2021 # entertainment 38 secs
8. Tragedia sul set, trovata una enorme quantità di proiettili - Ultima Ora
Oct 27, 2021 # breaking 8 secs
9. Dave Chappelle says he'd meet with transgender Netflix workers — but only under certain conditions - NBC News
Oct 26, 2021 # entertainment 57 secs
10. FCC kicks China Telecom Americas out of US, cites Chinese government control
Oct 26, 2021 # breaking 1 min, 33 secs
11. Chinese EV maker Xpeng launches upgraded semi-autonomous driving features in a challenge to Tesla - CNBC
Oct 24, 2021 # politics 19 secs
12. Gurman: Apple Event in November Unlikely, New MacBook Air With Biggest Redesign Since 2010 to Launch... - MacRumors
Oct 23, 2021 # politics 33 secs
13. New victim of serial killer John Wayne Gacy identified using DNA - The Guardian
Oct 25, 2021 # politics 35 secs
14. Ex-Minneapolis cop Mohamed Noor gets lighter prison sentence after murder conviction tossed - New York Post
Oct 22, 2021 # politics 33 secs
15. When were the Vikings in the Americas? Exactly 1,000 years ago, study says
Oct 20, 2021 # breaking 30 secs
16. Angelina Jolie's hair extension fail at the 'Eternals' premiere - Yahoo Lifestyle
Oct 25, 2021 # politics 24 secs


Get monthly updates and free resources.


© Copyright 2021 365NEWSX - All RIGHTS RESERVED