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. Chrissy Teigen addresses cyberbullying accusations in first TV interview since controversy - NBC News
Oct 26, 2021 # entertainment 49 secs
2. Would Kristen Stewart Play the Joker in a Batman Film? - Variety
Oct 20, 2021 # entertainment 0 secs
3. Jupiter hit by another space rock in rare views captured by Japanese skywatchers - Space.com
Oct 21, 2021 # science 17 secs
4. The pandemic, paired with natural disasters, drives a record number of illegal U.S. border crossings. - The New York Times
Oct 23, 2021 # politics 5 mins, 23 secs
5. Could Battery Made From Trees Replace Lithium-Ion in Electric Cars - The Daily Beast
Oct 22, 2021 # science 18 secs
6. The delta variant has a mutation that's worrying experts: Here's what we know so far - CNBC
Oct 21, 2021 # health 1 min, 25 secs
7. COVID vaccine booster increases antibody responses, is protective in rhesus macaques - National Institutes of Health
Oct 21, 2021 # health 1 min, 29 secs
8. No 'Squid Game' costumes in some NY schools due to show's violence - Insider
Oct 27, 2021 # entertainment 37 secs
9. Unvaccinated people will likely catch COVID every 16 months on average, study finds - NewsNation Now
Oct 22, 2021 # health 8 secs
10. In tree rings and radioactive carbon, signs of the Vikings in North America
Oct 20, 2021 # breaking 1 min, 7 secs
11. Climate Poses Many Threats To U.S. Financial System & Natural Gas May Be Major Risk - HuffPost
Oct 22, 2021 # politics 1 min, 24 secs
12. COVID-19 side effects could include memory loss, brain fog, researchers find - Fox News
Oct 26, 2021 # health 1 min, 3 secs
13. The Blc1 Alien Radio Signal From Proxima Centauri Found by Breakthrough Listen Finally Gets Explained - The Daily Beast
Oct 25, 2021 # science 57 secs
14. Will Cain has questions after the Biden town hall - Fox News
Oct 23, 2021 # politics 41 secs
15. Squid Game is No. 1 among Halloween costume internet searches - Daily Mail
Oct 22, 2021 # entertainment 2 mins, 25 secs
16. 'Curb Your Enthusiasm' Takes on Pandemic Hoarders (and Netflix) in Larry David's Glorious Return to TV - Daily Beast
Oct 25, 2021 # entertainment 1 min, 10 secs

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2021 365NEWSX - All RIGHTS RESERVED