The nation's largest retailer, Walmart, announced today that it's giving a pay raise to hundreds of thousands of its employees. You saw workers not only just earn more pay, but go from being in certain forms of industry and secure service work to finding jobs that are more stable than all from work benefits. To the extent there was and is a Biden boom, black workers were chief beneficiaries of it.
The Federal Reserve knows raising interest rates disproportionately hurts Black people. It just doesn’t have any better tools, says the Minneapolis Fed’s Neel Kashkari.
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Efim Shapiro, and hosted by Noel King.
Transcript at vox.com/todayexplained
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