Business and Finance
The minimum wage would be $13 if it operated with inflation

The Bureau of Labor Statistics has revealed what the minimum wage would seem like if it were to maintain up with rising inflation.
If the minimum wage is adjusted for inflation in 2024, it will be roughly $13 to $12.85. The federal minimum wage has not modified in 15 years, with the last adjustment going down in 2009 – from $6.55 to $7.25. Regardless of the continued boom and bust of the U.S. economy and the worldwide pandemic, the federal minimum wage has someway remained at $7.25.
According to the bureau, $7.25 in July 2009 is similar to $10.50 in March 2024. Full-time staff earning that quantity is near $15,080 a 12 months, or simply $20 above the poverty level. If it were still 2009, annual wages would should rise to $21,870 today to maintain up with the rising costs of products and services.
A minimum hourly wage still applies in 20 states, however the remaining 30 states and territories have a minimum wage higher than $7.25. Workers can find the best minimum wage within the country in Tukwila, Washington. For large employers with greater than 500 employees, employees must be paid a minimum of $20.29. For states and territories like Washington, the perfect rate is $17 per hour.
There have been discussions about raising the federal minimum wage, but Congress has held off on these efforts. In 2021, Democrats proposed raising the bottom wage to $15 in 2021, but it was defeated within the Senate. However, there’s pressure in local municipalities to lift wages in specific areas.
According to the King County Council, it is is considering a proposal to set the minimum wage at $20.29 an hour in Seattle. If the laws passes, county employees, employees of companies in unincorporated King County and employees of firms that contract with the county would see a wage increase. Small and medium-sized businesses would have more time to lift wages to county standards.
Additionally, the county’s minimum wage will increase annually starting January 1, 2025, based on the speed of inflation.
There are unions in San Diego Pressuring city council members to mandate a $25 minimum hourly wage for service staff. Unions representing staff at 1000’s of hotels, cleaners and convention centers argue that low-paid service staff often have to choose from paying rent or eating out.
They are pushing for a 50% raise over the present wage of $16.85 an hour.
Business and Finance
The survey shows the growing demand for financial knowledge in schools

According to the latest Endowment for Financial Education (NEFE) national survey, the strong majority of US adults imagine that financial education needs to be a must -have a part of the highschool curriculum.
Eighty -three percent of respondents claim that their state should require a semester or a 12 months -round course focused on personal funds as a requirement to graduate. The same percentage of people that attended highschool claims that they would really like them to have to participate in such a course once they were students.
The data collected by Nefe in cooperation with Surveyus reflect the consistent results of an identical survey conducted three years ago. This is more state legislators weighing or accepting policy to finance the personal basic part of highschool graduation requirements.
“This latter survey strengthens long -lasting Support for financial educationWith 4 out of 5 adults in the USA, he agrees along with his meaning, “said Dr. Billy Hensley, president and director of Nefe.” These moods are a testimony of countries that have committed to the requirements and implementation of financial educational programs, thus strengthening today’s students know many adults who would like them to receive at school. “
The survey also revealed a generation gap in access; Only 44% of respondents aged 18–34 stated that their school lacked personal financial classes, in comparison with 77% of individuals aged 65 and older.
Hensley applauded the growing number of nations that introduced the fines of financial education K – 12, calling the movement “a step towards justice and economic strengthening.”
This pursuit of financial skills is especially critical in black communities, where economic differences meet through historical and systemic exclusion from the possibility of constructing generational wealth. According to the Brookings Institution in 2023, in 2022 for every $ 100 in wealth owned by white householdsBlack households had only USD 15, emphasizing the durable and expanding difference in racial wealth.
In addition, while African -Americans usually tend to proceed education in the desire to mobility up, additionally they bear the disproportionate share of student debt, often without financial tools to administer it.
According to the report, experts say that early, normalized access to private financial education in high schools, especially in underestimated communities, generally is a powerful tool that may help reduce these gaps. Supporters call on legislators to the priority of fair implementation, ensuring that students from all environments are equipped with credit management skills, savings and planning of long -term financial health.
(Tagstranslate) Schools (T) K-12 Education (T) Financial literature
Business and Finance
Lool Deng increases the net value with a successful property

Former Chicago Bulls player, Lool Deng, couldn’t win any NBA championships or had no max contracts during his profession. However, its net value is greater than a few NBA players who’ve global recognition and still play in the league.
According to the man who was Born in South Sudan It has a personal net value of over $ 200 million, exceeding Stephen Curry ($ 180 million), Dwyane Wade ($ 170 million) and James Harden ($ 165 million). Deng has never had the pleasure to get a style of contracts that the athletes concluded during their profession, but his ventures, other than the pitch in real estate, put over them.
During his NBA profession, while playing for Bulls, Cleveland Cavaliers, Miami Heat, Los Angeles Lakers and Minnesota Timberwolves, his total earnings amounted to $ 166 million in a few years from 2004 to 2019.
Most of the money he earned comes from his real estate company, D3N9, which he began in 2014, ending his profession in the game. He received suggestions in the field from the real estate entrepreneur Don Peebs and former banker Wall Street David Gross, who’s the investment director of his company. Under the umbrella of his company, his portfolio includes hotels, resorts, apartments and residential buildings. Real estate is distributed in Africa, England and the United States and have a total value of $ 125 million.
In the United States D3N9 has multi -family units in Baltimore, houses in Hamptons, Virgin Hotels Las Vegas and a luxurious resort in the Bahamas. His business and bravado led him to earn more cash except sport than lots of his peers who earn most of their income.
After growing up in Brixton, South London, he played his collegial profession at the Duke University before he was elected in the first round of NBA Draft by Phoenix Suns with the seventh selection in 2004. He created the ALL-Star team twice during his profession and was a member of the second NBA team in 2012.
When he retired in 2019, he had 13,361 points, 5,468 rebounds and a couple of,042 assists.
(Tagstranslate) lool deng
Business and Finance
Live Nation plans to improve the Atlanta Center with an investment $ 5 billion

Live Nation Entertainment invests in its portfolio of real estate, committing to a plan value $ 5 billion to update the center of Atlanta about the district of the stadium.
The live entertainment company plans to rent a spot for 5,300 places at the Centenary Shipyard in Atlanta. Currently developed next to State Farm Arena and the Mercedes-Benz stadium, a mixed megaproject costs $ 5 billion.
According to Live Nation Will cooperate with sports teams and real estate programmers on the undertaking. The owner of Atlanta Hawks, Tony Ressler, whose team is playing at the arena, and his brother Richard Resssler, the owner of a CIM programming company, have already began introducing the project to realization.
“The fact that Live Nation decided to be in the center of Atlanta is a great matter,” said the co-founder and director of CIM, Shaul Kuba. “We are creating a completely new market in Atlanta, which did not really exist before.”
It focuses on stadiums as a central element. However, the inclusion of Live Nation will ensure readiness and skill to bring artists from the list A in the center of Atlanta. His concert place will turn into one in every of the largest live internal theaters.
While the project guarantees to help the city of a fighting in the city center, economists don’t seem to sell in the neighborhood model at the stadium. Opposes experts say that projects use taxpayers’ funds to reverse expenditure from the community to the latest stadium.
Reflection of the city itself, the center of Atlanta (*5*)it stays variedAccording to black people, they constitute 48% of his population, according to. However, his financial and residential slowdown, escalated during a pandemic, makes him a brand new trial place for stadium districts.
Until now, the centenary has made slow progress due to approval, permits and partnerships of city officials. In the case of only $ 1.3 billion in his budget, he has 162 apartments, brewery and pavements established in the area.
However, for the World Championships in 2026, a team of programmers hopes to complete a 304-unique apartment complex, together with hotels, restaurants and retail trade. In addition, he hopes to construct an addictive bar from cinema-sports, which might fit 1,500 participants.
In addition to investing in the creation of space in the center of Atlanta, Live Nation also plans to add 20 more places to its portfolio until 2026. He hopes to play an vital role in the developing entertainment industry and real estate in sport.
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