Whoosh, there go our wage gains

More bad news from last week’s 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 & Beyond’s parent company wants to expand into services, and Pringles implements AI on the production line.

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Read the stories in today’s 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