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

    4 days ago - By Business Insider

    Summary List Placement 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 industry continues to struggle finding workers: "How do you and the Biden administration plan to incentivize those that haven't returned to work yet? Hiring is our top priority right now," he asked the president.
    In response, Biden said that the restaurant and tourism businesses are going to be in "a bind for a little while." Biden said that a "lot of" workers who had been working...
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  • Biden says he's 'tired of trickle down' leaving out the middle class: 'Just pay your fair share'

    Biden says he's 'tired of trickle down' leaving out the middle class: 'Just pay your fair share'

    4 days ago - By Business Insider

    Summary List Placement 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 need to start paying their fair share in taxes.
    "I'm tired of trickle down," Biden said during a CNN town hall on Wednesday. "I come from the corporate state of America."
    Trickle-down economics is the idea that tax breaks and benefits for the wealthy will "trickle down" to the rest of society, but this theory has been discounted by some economists, and the president. During the town hall in...
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