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. Tinder Will Help You Find Wedding Dates Because Apparently Taking Strangers to Weddings Is a Thing - Gizmodo
Oct 16, 2021 # technology 52 secs
2. What's the Difference Between Type 1 and Type 2 Diabetes? - Lifehacker
Oct 11, 2021 # health 1 min, 14 secs
3. Navalny says his status has been changed to 'terrorist' in prison | TheHill - The Hill
Oct 11, 2021 # politics 44 secs
4. E.U. Offers U.K. Concessions on Northern Ireland. Here’s What the Spat Is About. - The New York Times
Oct 14, 2021 # politics 1 min, 47 secs
5. Elon Musk Gloats Over Beating Jeff Bezos on Wealth - Barron's
Oct 16, 2021 # entertainment 21 secs
6. Oops, They Did It Again: NYT Issues Yet Another Embarrassing Correction on a COVID Story - PJ Media
Oct 10, 2021 # technology 52 secs
7. Tori Spelling recalls Luke Perry going 'to brawl' for her amid a 'verbally abusive relationship' - Fox News
Oct 12, 2021 # entertainment 44 secs
8. Chemicals used in packaging may play role in 100,000 US deaths a year – study - The Guardian
Oct 14, 2021 # health 27 secs
9. This Is How The Ford F-150's Taillight Scales Work - Jalopnik
Oct 14, 2021 # technology 4 mins, 12 secs
10. 'Jeopardy!' champion Matt Amodio finally loses, ending winning streak at 38 games - Fox News
Oct 12, 2021 # entertainment 49 secs
11. Meghan Markle latest news – Prince Harry & Duchess will MISS Princess Diana statue party as Duke to skip R... - The US Sun
Oct 10, 2021 # entertainment 3 mins, 40 secs
12. Matt Damon opens up about working with Ben Affleck for the first time since 1997’s 'Good Will Hunting' - Fox News
Oct 14, 2021 # politics 51 secs
13. Taiwan will not start war with China, top military official says - Fox News
Oct 14, 2021 # politics 38 secs
14. Katey Sagal's husband Kurt Sutter makes a lighthearted joke as wife recovers after being hit by car - Daily Mail
Oct 16, 2021 # entertainment 58 secs
15. The Prince of Tennis II Anime Gets U-17 World Cup TV Series in 2022 - Anime News Network
Oct 10, 2021 # technology 1 min, 16 secs
16. Activision unveils new server-side and kernel-level anti-cheat solution for Call of Duty - Eurogamer.net
Oct 13, 2021 # technology 1 min, 40 secs

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2021 365NEWSX - All RIGHTS RESERVED