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cover of episode Ringing in 15 years of the $7.25 federal minimum wage

Ringing in 15 years of the $7.25 federal minimum wage

2024/7/24
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Apartment vacancy rates have risen to 6.7%, the highest since the pandemic, affecting local markets like Augusta, Georgia. The increase is due to factors like the completion of a nearby nuclear power plant and a surge in new apartment construction, leading to supply exceeding demand and potential financial challenges for builders.

Shownotes Transcript

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.