For years, the economy has looked K-shaped . There's new evidence that some of that divide is beginning to narrow. - The wage-growth gap between lower- and middle-income workers has disappeared — with pay gains among lower-income workers nearly matching those of their higher-income counterparts. - Spending growth among lower- and higher-income households is the most similar in years. Why it matters: A resilient labor market is chipping away at one dimension of the K-shaped economy, even as the wealth divide remains firmly intact. Source: Bank of America Institute By the numbers: Bank of America Institute, drawing on anonymized customer deposit account data, estimates that lower-income households saw after-tax wage growth accelerate…
Today on Greta Wire: - PJ Kaminer explains how he and his brother launched Culture Club, a frozen Greek yogurt shop in Nashville, starting from an empty retail shell and building the concept from the ground up. - A major focus is why they chose premium frozen Greek yogurt instead of ice cream or a full restaurant model, aiming for something that feels indulgent, healthier, and more distinctive in the market. - The conversation gets into the real startup grind, from expensive Italian machines and custom recipes to lease risk, staffing issues, inventory mistakes, and the challenge of opening to stronger demand than expected. - Kaminer says social media was a major driver of early traffic, with Instagram, TikTok, and an influencer…