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The Congressional Budget Office says raising the minimum wage to $15 will kill jobs. That's not the whole truth — here's why.
Annie Fadely is the senior policy and programs associate at Civic Ventures and a producer of the "Pitchfork Economics" podcast. She says the Congressional Budget Office's report that a $US15 minimum wage will kill jobs should be more nuanced. Fadely cites research indicating that any decrease in employment would be negligible, and well worth it to increase wages. Visit the Business section of Insider for more stories. This week the Congressional Budget Office released an analysis of the Raise the Wage Act, which would raise the federal minimum wage to $US15 an hour by 2025.
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A preliminary investigation has revealed that a damaged fan blade caused the Denver mid-air engine fire that has led to the grounding of more than 100 Boeing 777s.
Federal investigators believe that wear and tear caused the fan blade to fracture and break off the Pratt & Whitney engine during the Hawaii-bound United Airlines flight on Saturday, National Transportation Safety Board (NTSB) chairman Robert Sumwalt said on Monday.
The chairman told reporters that after it broke, the blade chipped off half of a second blade, leading to multiple pieces of debris to fall to the ground in areas of Denver.
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The engine failed just four minutes into the flight on Saturday, with a “loud bang” heard by passengers, and the preliminary assessment shows that the damage to the fan blade is consistent with metal fatigue.
Mr Sumwalt revealed that despite the dramatic nature of the incident, there was only minor damage to the aircraft body and no structural damage.
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No one onboard was injured in the incident on Saturday, as the United Airlines plane returned safely to Denver International Airport shortly after the engine problem.
Although aircraft debris fell next to homes, gardens and soccer fields in Denver on Saturday, there was also no injuries reported on the ground.
The recovered pieces of debris are being flown to a Pratt & Whitney laboratory for examination on Tuesday, which will be supervised by NTSB investigators.
The investigators will also look over maintenance records to check to see whether problems may have been missed during safety inspections prior to the flight.
More than 100 Boeing 777s that use the same engine as the Denver United Airlines flight have been grounded in the wake of the incident, while the Federal Aviation Administration (FAA) investigates Pratt & Whitney blades.
Boeing recommended that the planes be grounded after Japanese safety regulators banned 777s with the same Pratt & Whitney 4000 engines, and United said it had voluntarily grounded its fleet on Sunday.
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A couple of similar incidents have occurred over the past few years, and the FAA revealed on Monday that it was already considering adjusting fan blade inspections, following a problem with an engine during a Japanese flight in December 2020.
Although similar incidents are likely to be looked at, Mr Sumwalt stressed that “what is important that we really truly understand the facts, circumstances and conditions around this particular event before we can compare it to any other event.”
Although the preliminary findings points to metal fatigue, NTSB inquiries can take up to a year to complete as all avenues will be looked at.
Mr Sumwalt added: “Our mission is to understand not only what happened but why it happened, so that we can keep it from happening again”.
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