Fed policy hasn't cooled the labor market and a 'serious consumer recession' could strike if services jobs tumble, real estate billionaire Barry Sternlicht says

Tech Insider : Economy, Economy
Barry Sternlicht, Chairman and CEO Starwood Capital Group, speaking during a panel at the Milken Institute Global Conference in Beverly Hills, California,
Barry Sternlicht, chairman and CEO of Starwood Capital Group.

FREDERIC J. BROWN/AFP via Getty Images)

Why employers are reluctant to hire young men

Tech Insider : Economy, Politics
Businessman Looking at 'Help Wanted' Sign that appears as a Giant Hurdle Before him
Because of America's broken unemployment insurance system, the way firings are handled might affect whether young guys can get hired in the first place.

Getty Images; Alyssa Powell/BI

A 78-year-old receptionist fired a month after she was recognized as a top employee wins $78,000 in age-discrimination settlement

Tech Insider
A modern reception desk in a corporate building
The woman worked at a retirement community in Columbus, Georgia.

Skynesher/Getty Images

Some workers are choosing housing and student loan benefits over a retirement plan, and it says a lot about America's cost-of-living crisis

Tech Insider : Economy, Economy
Companies are getting creative with benefits packages to hire and retain top talent.
Companies are getting creative with benefits packages to hire and retain top talent.

Nicolas Hansen/Getty Images

A California franchisee says he's reducing staffing, raising prices, and mulling kiosks to cover the $20 wage. Closing stores is a last resort.

Tech Insider
Healthy acai bowl with granola, fresh fruits and berries for breakfast, served in a bowl on a wooden table alongside a cup of coffee and glass of water
A Vitality Bowls franchisee in San Jose told BI how he's trying to absorb California's $20 minimum wage for fast-food workers.

Alexander Spatari/Getty Images

Fast-food franchisees in California fear they'll lose customers to Chili's and Applebee's as prices soar over $20 wage

Tech Insider
Signs for casual dining and fast food restaurants are seen along U.S Route 11 in Bloomsburg PA
Fast-food franchisees in California are raising prices to offset the state's new $20 wage.

Paul Weaver/SOPA Images/LightRocket via Getty Images

School districts in California are worried about cafeteria workers fleeing to fast-food chains to get $20-an-hour wages

Tech Insider : Economy
High school cafeteria lunchroom workers serving hot meal to students

SDI Productions/Getty Images

A California McDonald's franchisee says he's leaving 'no stone unturned' in his quest to save money over the $20 minimum wage

Tech Insider : Economy
McDonald's meals are seen at the shopping mall in Krakow, Poland on January 10, 2024.

Jakub Porzycki/NurPhoto via Getty Images

Here are 5 ways fast-food restaurants in California are cutting costs to cover the new minimum wage

Tech Insider : Economy
A view of McDonald's, on Crenshaw Blvd. in south Los Angeles Friday, March 29, 2024
McDonald's.

Allen J. Schaben/Los Angeles Times via Getty Images

'I can't charge $20 for a Happy Meal': McDonald's franchisee responds to California's new fast-food worker wages

Tech Insider : Economy
An aerial view of McDonald's on Crenshaw Blvd, south Los Angeles on Friday, March 29, 2024.
McDonald's.

Allen J. Schaben/Los Angeles Times via Getty Images

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