Business

10:19am

Sat May 9, 2015
The Salt

Seattle Restaurants Scramble To Pay A Higher Minimum Wage

Originally published on Mon May 11, 2015 8:26 pm

Carter Jorgensen, with head chef Zephyr Paquette in the background, at Seattle's Coastal Kitchen. Restaurants are one of the largest employers of low-wage workers in the city.
Deborah Wang KUOW

In the rough and tumble world of restaurants, Jeremy Hardy considers himself something of a survivor.

Hardy's restaurant, Coastal Kitchen, has been a fixture of Seattle's Capitol Hill neighborhood for 20 years. Notoriously low-margin businesses, restaurants have a high failure rate. Hardy says even in good times, running one is like juggling with clubs.

"With the labor pressures that are coming from this $15 eventual minimum-wage increase, we are juggling with razor-sharp daggers," Hardy says. "And if you don't get it right, it's really going to hurt."

Read more

4:34pm

Fri May 8, 2015
Economy

Ore Price Collapse Hits Minnesota's 'Iron Range'

Originally published on Fri May 8, 2015 10:38 pm

U.S. Steel's Minntac taconite mine and plant looms over the city of Virginia. The company plans to lay off around 700 employees on June 1.
Dan Kraker MPR

The price of iron ore has crashed recently — from more than $190 a ton in 2011, to about $60 today. Iron ore is the key ingredient in steel, and global demand for it, especially in China, is way down. That's being felt far away in northern Minnesota.

Miners have clawed iron ore out of northern Minnesota for more than a century. The Iron Range, as it's known, is pockmarked with deep abandoned pits carved out of the red earth.

Read more

4:34pm

Fri May 8, 2015
Economy

Oil Companies Look To Fill Employment Gap With More Women

Originally published on Fri May 8, 2015 10:38 pm

After completing training in 2013, Claire Kerstetter now works as a fluid technician on fracking jobs.
Jeff Brady NPR

Look at the oil business and you'll notice it's mostly men. That's a problem for an industry that needs legions of new workers to replace retirees in coming years.

The industry hasn't always treated women fairly, but now it needs them.

The oil business just 30 years ago was a lonely place for the few women who chose to work in it. Rayola Dougher, senior economic adviser at the American Petroleum Institute, says attending industry conferences made that clear.

Read more

3:33pm

Fri May 8, 2015
The Two-Way

Would More Trade Help The Job Market Run Faster Or Trip It Up?

Originally published on Fri May 8, 2015 3:48 pm

Workers unload cargo at the Port of Portland's Terminal 6 in Portland, Ore.
Rick Bowmer AP

The Labor Department's latest report shows employers created 223,000 jobs in April and the unemployment rate went down another notch to 5.4 percent.

So, yay!

But study the wage figures in Friday's report — and your "yay" turns to "meh."

Workers got raises of just 0.1 percent in April. Over the past year, wages advanced only 2.2 percent, a pace that amounts to treading water for most families. The average workweek has stalled at 34.5 hours, unchanged from the previous month — and from a year ago.

Read more

3:31pm

Fri May 8, 2015
It's All Politics

Would Lower Shoe Tariffs Actually Encourage American Jobs?

President Obama spoke at Nike headquarters in Beaverton, Ore., on Friday.
Pablo Martinez Monsivais AP

The Nike Corp. says the lower tariffs promised by a proposed Asia-Pacific trade deal would allow it to speed up development of advanced manufacturing, supporting up to 10,000 domestic jobs over the next decade.

The announcement comes as President Obama visits Nike headquarters to promote the trade deal known as the Trans-Pacific Partnership, or TPP. Critics have questioned the Beaverton, Ore., backdrop, noting that Nike currently manufactures virtually all of its shoes and apparel in low-wage countries such as Vietnam.

Read more

2:21pm

Fri May 8, 2015
The Salt

Promises, Promises: Is Big Food Marketing Less Junk To Kids On TV?

TV marketing that pushes foods high in salt, sugar and fat to children can put their long-term health at risk, according to past research. So has Big Food changed its ways?
iStockphoto

It's not hard to connect the dots between what kids see on TV and what they eat. Advertising works.

And researchers have documented that marketing practices that push items like sugary cereals, salted snacks and fast food put children's long-term health at risk, by promoting unhealthy eating habits.

Read more

9:01am

Fri May 8, 2015
The Two-Way

223,000 Jobs Added In April; Unemployment Rate Dips To 5.4 Percent

Originally published on Fri May 8, 2015 5:08 pm

Scott Fast, of Cradle to Career Colorado, talks with Englewood High School students Nick Spence (left) and Russell Windholz during a job readiness seminar hosted by The United Way and America's Promise Alliance in Denver on Thursday.
Brennan Linsley AP

Updated at 9:55 a.m. ET

The U.S. economy added 223,000 jobs in April, hewing close to expectations from economists, but the numbers fell short of a threshold that forecasters believe would signal an early rise in interest rates.

The unemployment rate dipped to 5.4 percent, according to data released by the U.S. Labor Department's Bureau of Labor Statistics.

Read more

6:42am

Fri May 8, 2015
Planet Money

Casinos Bet On Change After Younger Players Ignore 'Boring' Slot Machines

Originally published on Fri May 8, 2015 8:28 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

6:33am

Fri May 8, 2015
Business

Whole Foods Tries To Shake 'Whole Paycheck' Rep With Cheaper Spinoff

Originally published on Fri May 8, 2015 12:51 pm

A woman shops at the Whole Foods Market in Woodmere Village, Ohio, on March 27, 2014. The grocery chain has become known for its high-priced food and says its new chain will offer "value prices."
Tony Dejak ASSOCIATED PRESS

Upscale grocery store chain Whole Foods (often referred to as "Whole Paycheck" because of its high prices) announced this week that it's launching a new offshoot brand — with lower prices — to appeal to younger, millennial shoppers.

Walter Robb, co-CEO of Whole Foods, says it will be a "uniquely branded store concept unlike anything that currently exists in the marketplace" with "value prices ... a modern, streamlined design, innovative technology and a curated selection."

Read more

6:30am

Fri May 8, 2015
Economy

Recovering From A Rough March, Economy Adds 223,000 Jobs In April

Originally published on Fri May 8, 2015 9:00 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Pages