1. While there’s a prevailing sentiment that many are worse off today than in the past, the evidence tells a different story. It’s essential to challenge our cognitive biases and recognise the progress made. “Since the 1990 business cycle peak, (US) wages are up 20 percent in real terms. And if you use the Personal Consumption Expenditures Price Index rather than the Consumer Price Index as the inflation measure — it’s the one preferred by the Federal Reserve and Congressional Budget Office — you find a 32 percent increase in average worker wages and about the same for the bottom fifth of workers. Fun fact: Broader after-tax income measures show middle-class living standards up by 42 percent since 1979 and 70 percent for the bottom fifth.” [ !Faster, Please!

The productivity-pay ‘gap’: a pernicious economic myth

“Once you start thinking about growth, it’s hard to think about anything else.” - Nobel laureate economist Robert Lucas…

Read more

4 years ago · 8 likes · 2 comments · James Pethokoukis ](https://fasterplease.substack.com/p/-the-productivity-pay-gap-a-pernicious?utm_source=substack&utm_campaign=post_embed&utm_medium=web)

  1. Diving into the realm of women’s alcohol habits, this scientific exploration uncovers a counterintuitive trend. As states become more gender-equal, offering undeniable benefits for women’s rights and health, there’s a surprising uptick in alcohol consumption and binge drinking among midlife women. The data suggests that as we champion equality, parallel efforts are crucial to ensure the well-being and prevent harmful alcohol use. Dive into the full article for a nuanced understanding of this compelling phenomenon. https://www.sciencedirect.com/science/article/abs/pii/S0277953622002829
  2. A viral thread on the intricacies of tailoring for men’s clothes, inspired by King Felipe. I find this an intriguing snapshot on some of the differences between generational old money versus new money. https://x.com/dieworkwear/status/1680871501824917504?s=46&t=-DNv9rPw3guwQopwQG_-Qg

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