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The Era of Big Raises for Low-Paid Workers Is Over




Quick Summary

  • Wage growth for lower-income workers is slowing, while higher-income wage growth is holding steady, reversing a recent trend.

  • The labor market is cooling, with the unemployment rate rising to 4.2%, making it harder for low-wage workers to switch jobs for better pay.

  • Slower wage growth for poorer workers could affect overall spending, as they tend to spend more of each additional dollar they earn.

 
 

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The First Prophet of Abundance

David Lilienthal’s account of his years running the Tennessee Valley Authority can read like the Abundance of 1944. We still have a lot to learn from what the book says — and from what it leaves out.

 
 

One  objective:
facilitating  those,
who are so motivated,
to enjoy the benefits of becoming  humble polymaths.   

“The universe
is full of magical things
patiently waiting for our wits to grow sharper.”

—Eden Phillpotts

4chairs.life

Four wooden chairs arranged in a circle outdoors in a natural setting, surrounded by tall

To inquire, comment, or

for more information:

danny@4chairs.life

The day science begins to study non-physical phenomena, it will make more progress in one decade than in all the previous centuries.

Nikola Tesla

“It is good to love many things, for therein lies the true strength, and whosoever loves much performs much, and can accomplish much, and what is done in love is well done.”

Vincent Van Gogh

" The unexamined life is not worth living."  

Attributed to Socrates​

“Who knows whether in a couple of centuries

there may not exist universities for restoring the old ignorance?”

Georg Christoph Lichtenberg

All Rights Reserved Danny McCall 2024

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