Also on today’s show: a look at the child care industry issues weighing on workers and parents, and how a variable minimum wage could work.
Economists expect the U.S. to surpass the GDP we’d have seen if COVID-19 hadn’t happened. But many still wait for jobs to come back.
It’s labor intensive, and caregiver wages are most of the cost. Still, workers, mostly women of color, make “near-poverty wages.”
A Baltimore church that worked against Black homeownership is now investing in it.
Vivian Gueler of Pacific Trust Group says demand for housing in Los Angeles is outpacing supply, thanks largely to low interest rates.
A listener writes: “If you make the minimum wage $15/hour, it’s not enough in New York and it’s way too much in Peoria. Would it be possible to tie the minimum wage to the cost of living?”