Wage Growth Insights
The recent agreement between the Teamsters and UPS highlights the importance of fair wages, with existing part-time workers set to earn a minimum of $21 an hour. This move is contrasted with Microsoft’s underwhelming AI revenue forecasts and the Federal Reserve's ongoing interest rate hikes, which have reached a 22-year high. The conversation emphasizes the need for a living wage, suggesting that if minimum wage had kept pace with productivity, it would be significantly higher today.In this clip
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