Wage Growth Wanes The pandemic affected the economy in many ways. As businesses struggled to get workers to join them for the great reopening, low-wage jobs got a juicy pay boost. Fast forward to today, that wage boost effect is waning, and that might have a knock-on effect on the economy. Economic Tides Turning As…Read more
Bounce Back After five consecutive months of rising retail sales, it’s clear that American consumers aren’t afraid to treat themselves, even in an uncertain economic landscape. Discretionary spending is bouncing back from its pandemic slowdown, helped, in part, by high prices that keep sales chugging along. And that’s just it: Higher prices mean Americans are…Read more
