Page 41 - 7 25 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

♪ how we going to pay, how we going to pay ♪ it is not just squatters anymore or rent, housing has become so expensive in the u.s. that average workers can't afford their work. in no state or city can a full-time worker afford a two ped room rental. that same worker can afford a one bedroom rental in just about 7% of the country. the federal minimum wage of course is stuck at 7$7.25 per hour. a person in california needs to earn $39 an hour to afford a two-bedroom apartment, $34 an hour in new york. a worker in west virginia would need to earn $15 an hour to make the rent. the federal go...

Owners here in the last couple weeks who have said well, if we increase wages, we're going to have to raise prices. chipolte is an example that's doing both, and you have the nonpartisan congressional office saying $15 minimum wage when they looked at this leads to $1.4 million jobs lost. you look at the federal deficit. are those valid concerns? >> up to a point. but i think we ought to celebrate when people get a wage increase. we choelt gave their top executives millions of dollars. one of the major executives that got big increases last year, up to about 15, 16, $18 million, well, if you c...

Supposed to get you to the the $7.25 federal minimum wage. we've seen 3 million early retirements because of the pandemic and people are suggesting i don't want to go back to work. i'm not going back to work and others decided what they were doing was really not what they wanted to do for the rest of their lives. there is a host of issues around reskilling and retraining, the issue of whether or not those retired stay retired and that with draws 3 million people from the labor force. there are a lot of humps to get over. wages are not the only issue. they have gone up. if you look at this mont...

It. that has not been the case for most workers at the bottom. we have had the minimum wage no minimum wage increase since 2009. and what was $7.25 in 2009 because of inflation since then is much, much less today. so the minimum wage hasn't even kept up with inflation. this is a disgrace. it's also bad for the economy. because if you have more low wage workers with more money, they have more money to spend, and that spending creates more jobs. >> i did speak with an ice cream shop owner in pennsylvania who raised wages almost double what he was paying some workers from 7.25 an hour to $14.50 a...

Doubled his hourly wage before tips from $7.25 to $15 an hour. my father-in-law is a small business owner. i understand the challenges you face on that front. that worked for this owner. i wonder if you thought about that. >> it's different for every business. i'm part of a leadership group in the twin cities for restaurants. some of us are doing service charges and going to a different service charge model. some of us are thinking the $15 minimum wage is coming anywhere. we're trying to figure out how to have healthy businesses and still stay after loet. it's a lot coming at us at the same ti...