Ringing in 15 years of the $7.25 federal minimum wage
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 24 July 2024
⏱️ 27 minutes
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Summary
The last time Congress raised the federal minimum wage, it went up 70 cents — from $6.55 to $7.25 an hour. That was in 2009. Today, we’ll get into why there hasn’t been a successful push to boost it since then and who suffers as a result. Plus, officials in China promise major tax reform, apartment vacancies in Sun Belt cities rise and the Federal Reserve keeps an eye on GDP estimates.
Transcript
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| 0:59.0 | In which I am required to remind you once again that stocks go down to from American public media. |
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| 1:13.0 | In Los Angeles, I'm Kai Rizdahl. It is Wednesday, today the 24th of July. |
| 1:27.0 | Good as always to have you along everybody. It was not great on Wall Street today all three major indices as you probably heard by now red red |
| 1:36.9 | and more red and while it is tricky to sum up multi trillion dollar capital markets with one word if I had to |
| 1:44.5 | which now obviously I do the word I would use is technology dragged pretty much |
| 1:49.6 | everything else down. But the economic fundamentals because repeat after me the |
| 1:56.0 | stock market is not the economy the economic fundamentals as politicians like to |
| 2:00.4 | say remain solid. We'll get an update on how solid when the first |
| 2:05.3 | estimate of gross domestic product for the second quarter April through June is |
| 2:09.0 | shared with us tomorrow. All by the way GDP is all of the |
| 2:14.0 | services produced in this economy. |
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