Why wage growth hasn’t kept up with productivity. Plus: Fed chair selection, AI layoffs, and rising global debt.
A lot of crucial employment reports were expected to come out this week, but the partial shutdown has delayed that.
Presidents have tried to make their mark on the economy through the selection of Federal Reserve chairs before, but this time is different.
The world's largest economies have become more reliant on their national debt — and that might threaten global growth.
Do recent layoffs signal AI is actually replacing human workers? Or, do those companies just think it sounds good to investors?
Productivity growth allows companies to pull in more profits, which can allow them to raise wages. But recently, wage growth has slowed — even as productivity has stayed strong.
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