Whoosh, there go our wage gains
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More bad news from last weekβs jobs report: Wage growth slowed to 3.2%, the lowest yearly rate in five years. Combine that with high inflation, and consumers are losing purchasing power. In this episode, where did the wage growth go? Plus: Temp firms report increased demand, Bed, Bath & Beyondβs parent company wants to expand into services, and Pringles implements AI on the production line.
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Read the stories in todayβs episode:
- U.S. consumers’ real earnings have been falling
- Why Bed Bath & Beyond’s parent company is pivoting to mortgages and flooring
- Should we ditch paper checks? You probably write more than you think
- She chose rural South Carolina over Italy and England
- One bright spot in an otherwise-meh labor market? Temp jobs
- A new kind of AI chip: Pringle-making gets optimized by artificial intelligence
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