Self-centered boomers destroyed the economy — and now millennials and Gen Z are paying the price

Tech Insider : Economy, Politics
An hourglass shape filled with houses, suitcases, cars, and money at the top and a hand pinching the middle.
Boomers have created a bottleneck of workers and housing, crippling the economy for millennials and Gen Z.

Tyler Le/Insider

Their greed destroyed the economy — and now millennials and Gen Z are paying the price

4 Florida restaurants with the same owner had to give over $250,000 of back pay to staff after the Department of Labor said they only paid servers tips

Tech Insider
Mexican food with tacos, beans, served on table
Low wages drove workers out of the restaurant industry during the pandemic.

Costina Purice/EyeEm via Getty Images

An Ohio restaurant 'forced' servers to work 60 hours a week for just $10 in wages plus tips, the Department of Labor says

Tech Insider
A waiter wearing safety gear to follow sanitary protocols against Covid-19 takes plates of food to serve to customers during a working day at Salon Tenampa on August 22, 2020 in Mexico City, Mexico
A Mexican restaurant in Ohio paid its servers just $10 a week, a DOL investigation found.

Hector Vivas/Getty Images

US wage growth is slowing and not keeping pace with inflation — but that doesn't mean the Fed will stop hiking rates

Tech Insider : Economy
Food inflation
US inflation is outpacing wage growth.

SolStock/Getty Images

Inflation has cooled, but investors risk being caught off guard by a 'head fake' that could halt the latest stock-market rally

Tech Insider : Economy
A server carries drinks to a table at P.J. Whelihan's restaurant and pub in Spring Township, Pennsylvania.
A server carries drinks to a table at P.J. Whelihan's restaurant and pub in Spring Township, Pennsylvania.

Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

It's great timing for the US's first immigration boost in years — but experts say Biden needs to reverse more Trump-era policies for the economy to feel the maximum effect

Tech Insider : Economy
Joe Biden and Donald Trump
Former President Donald Trump enacted restrictive policies that hampered both immigration and labor force numbers. President Joe Biden has pared some back, but left others in effect.

Getty Images

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