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It has been 11 years since the federal minimum wage has increased, and Congress is weighing if now is the time to give minimum wage employees a raise.One economist cautions that now might not be the best time.“The big problem then is if you fundamentally raise the cost of their labor by raising the federal minimum wage in states where that will have an impact, then you’re further increasing the businesses’ cost,” said Ryan Bourne, economist from the Kato Institute. “Which is likely to make more businesses fail and actually result in fewer jobs being available for low-wage workers.”According to the Cato Institute, 29 states and the District of Columbia have minimum wages that are above the federal minimum of .25.“This seems to be a particularly bad time to raise the cost of hiring people by having a higher hourly wage rate,” Bourne said. “It might deter some of the adjustment we need to live with this virus.”But fellow economist Ben Zipperer of the Economic Policy Institute disagrees with Bourne’s assessment.“That kind of concern has always been raised when we’re talking about the minimum wage, and it doesn’t seem to actually play out in reality,” Zipperer said.Zipperer argues that raising the minimum wage could boost economic activity. He added that a minimum wage hike, while not a panacea, would put the economy in the right direction.“Giving people more money to have more money to spend, that’s probably one of the most effective policies to have during a kind of depression,” he said. 1519
Indonesian investigators have found the flight data recorder from Lion Air Flight JT610, a discovery that should help explain why the new Boeing 737 crashed Monday, killing all 189 people on board.CNN Indonesia showed images of divers bringing the device, commonly known as a "black box," on board one of the rescue ships in the sea close to Jakarta Thursday, four days after the Boeing 737 MAX 8 jet disappeared off radar during a routine short-haul flight.The cockpit voice recorder (CVR), which records audio from the cockpit, is yet to be found, but is believed to be located on the seabed, some 35 meters (114 feet) deep.National Transportation Safety Commission (KNKT) Deputy Director Haryo Satmiko told CNN that it will take two to three weeks to read the data from flight data recorder, and a further two to three months to analyze it.Satmiko confirmed that in addition to the recorder "some parts" of the plane's fuselage had also been found.Monday's ill-fated flight crashed 13 minutes after takeoff. It was supposed to be a one-hour flight to Pangkal Pinang on the island of Bangka.Capt. Daniel Putut Kuncoro Adi, managing director of Lion Group, which owns Lion Air as well as other airlines, declined to offer any possible explanations to CNN for the crash."As a company we are waiting for the result from the National Transportation Safety Committee working with the black box" to determine what went wrong, Adi said Thursday.Adi said that he knew the pilots on the flight and they "were very funny, very smart, very nice guys."He said he believed the pilots did their job "professionally and they struggled to save the aircraft," and offered his condolences to the families of the victims. 1712
It has been 11 years since the federal minimum wage has increased, and Congress is weighing if now is the time to give minimum wage employees a raise.One economist cautions that now might not be the best time.“The big problem then is if you fundamentally raise the cost of their labor by raising the federal minimum wage in states where that will have an impact, then you’re further increasing the businesses’ cost,” said Ryan Bourne, economist from the Kato Institute. “Which is likely to make more businesses fail and actually result in fewer jobs being available for low-wage workers.”According to the Cato Institute, 29 states and the District of Columbia have minimum wages that are above the federal minimum of .25.“This seems to be a particularly bad time to raise the cost of hiring people by having a higher hourly wage rate,” Bourne said. “It might deter some of the adjustment we need to live with this virus.”But fellow economist Ben Zipperer of the Economic Policy Institute disagrees with Bourne’s assessment.“That kind of concern has always been raised when we’re talking about the minimum wage, and it doesn’t seem to actually play out in reality,” Zipperer said.Zipperer argues that raising the minimum wage could boost economic activity. He added that a minimum wage hike, while not a panacea, would put the economy in the right direction.“Giving people more money to have more money to spend, that’s probably one of the most effective policies to have during a kind of depression,” he said. 1519
It's in a mother's nature to help her children, but one group of moms is doing what it can to help students across the nation.Eleven mothers from metro Washington, D.C. banded together to find free housing for students coming to March for Our Lives on Saturday. The march is a student-led demonstration for school safety and stricter gun safety laws, created after the Marjory Stoneman Douglas school shooting in Florida killed 17 people in February.These moms know students have the march planning under control, so they created March for Our Lives Lodging to support their efforts. 591
It seems Americans were hungry and thirsty on Election Day.On Twitter, Google trends revealed that searches on Election Day of “fries near me” and “liquor store me” were at “all-time highs." 198