A pay bump for 8 million workers

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 4 January 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On New Year’s Day, 23 states raised their minimum wage, benefiting an estimated 8 million workers. But pay scales have already been rising in a tight labor market. Today, a look at where minimum wages stand in a job market that economists expect to weaken. Also on the show: Small business layoffs tick up, social media shifts how we spend and a Louisiana town elevates homes to evade flooding.

Transcript

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0:00.0	We're ringing in the new year here at Marketplace and wanted to thank those who kept our journalism
0:03.8	strong in 2022, especially all of our Marketplace investors.
0:08.3	Thank you for being part of this community of donors, committed to making sure trustworthy,
0:12.5	independent news is here to stay in 2023 and beyond.
0:16.8	It's people like you who make our work possible and you're ongoing support that makes people
0:21.0	smarter every day.
0:22.6	Thanks again and happy new year.
0:25.6	This episode is brought to you by Slack. With Slack, you can bring all your people and
0:30.4	tools together in one place. It's your digital HQ where you can increase productivity,
0:35.6	enable flexibility and automate workflows. Plus, Slack is full of game changing features
0:41.2	like huddles for quick check-ins or Slack Connect, which helps you connect with partners
0:45.4	inside and outside of your company.
0:48.2	Slack.
0:49.2	Where the future works.
0:50.8	It started at Slack.com slash DHQ.
0:56.2	On the program today, a little fed, a little social media, and then we'll head down to
1:02.5	Louisiana. From American public media, this is Marketplace.
1:07.8	In Los Angeles, I'm Kai, Rizdole. It is Wednesday. Today, the fourth of
1:20.7	January, it is always to have you along, everybody.
1:24.2	One hates to start the new year off. Yes, I know we are already halfway through the first
1:29.4	week, but you know what I mean. Nobody wants to begin 2023 with the Federal Reserve wagging
1:35.0	its monetary policy finger at us again. That is where we find ourselves today. The Central
	...

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