Alex Newman - Providence, the Great Awakening, and the Real Story of 1776 Connect with Alex and Liberty Sentinel... 𝕏 https://x.com/ALEXNEWMAN_JOU WEBSITE https://libertysentinel.org/ Connect with Hearts of Oak… X @HeartsofOakUK https://x.com/HeartsofOakUK WEBSITE https://heartsofoak.org PODCASTS https://heartsofoak.podbean.com SOCIAL MEDIA https://heartsofoak.org/connect SHOP https://heartsofoak.org/shop DONATE https://donorbox.org/hearts-of-oak-fundraising
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…
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…Open
