Business

Biden on the worker shortage: Pay $15 an hour or 'be in a bind for a little while'

4 days ago   |   By Business Insider

President Biden speaks to reporters on July 8
Alex Wong/Getty Images
In a CNN Town Hall, President Joe Biden was asked about the labor shortage plaguing restaurants.
Biden said that restaurants and tourism will be in a "bind" for a little while, but higher wages could help.
Biden backs a $15 minimum wage, but the measure doesn't have full party support.
See more stories on Insider's business page .
In a CNN Town Hall, President Joe Biden weighed in on the labor squeeze currently hitting restaurants and other low-wage sectors. John Lanni, an Ohio restaurant group owner, said that his...
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Biden says he's 'tired of trickle down' leaving out the middle class: 'Just pay your fair share'

4 days ago   |   By Business Insider

President Joe Biden.
SAUL LOEB/AFP via Getty Images
At a CNN town hall, Biden said he is "tired of trickle down" economics leaving out the middle class.
Trickle-down economics is the idea that benefits for the wealthy will "trickle down" to the rest of society.
Biden said a solution to creating an equitable economy is ensuring the wealthy pay their fair share in taxes.
See more stories on Insider's business page .
Economic recovery is largely driving President Joe Biden's agenda, and to him, a primary part of that recovery means boosting the middle class. To do that, he said the wealthy...
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