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The Manhattan Institute issued a report that reveals that a year of middle class wages no longer pays for major household expenditures.
From The Washington Post:
Lead author Oren Cass distills it as follows: “In 1985, the typical male worker could cover a family of four’s major expenditures (housing, health care, transportation, education) on 30 weeks of salary,” he wrote on Twitter last week. “By 2018 it took 53 weeks. Which is a problem, there being 52 weeks in a year.”
Image: Washington Post
Oil consumption “just fell off a cliff”
CNN reports that the spread of the coronavirus has greatly reduced demand for oil, “as schools and offices close, airlines cancel flights worldwide and a growing number of people hunker down at home.” “This is a sudden, instant demand shock — and the scale of the decline is unprecedented,” said Jim Burkhard, vice president and […]
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Dow drops 1,000 over Coronavirus
The Dow Jones Industrial Average plummetted more than 1,000 points as news of a spreading coronavirus outbreak suggests wider coming damage to the global economy.
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‘We are desperate — we need more immigrants.’ Mick Mulvaney, Trump’s Office of Management and Budget chief
“We are desperate — desperate — for more people,” Donald Trump cabinet member Mick Mulvaney said in a recording obtained by The Washington Post. “We are running out of people to fuel the economic growth that we’ve had in our nation over the last four years. We need more immigrants.”
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Designs.ai can give your company an iconic logo you need in a matter of seconds
Here’s a cool factoid about company branding and the importance of iconic imagery that you probably never considered. Brands that do a poor job of branding themselves to the public definitely pay the price. In fact, it’s a literal price…as in, salaries 10 percent higher than their better-branded competitors. Not only does the lack of […]
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Become a CompTIA-approved IT security pro with 7 different certification prep courses
The top security risk to any company’s vital IT systems isn’t hackers or malware. It’s basic, pure and simple human error, according to CompTIA, the industry’s most respected trade association. Even though 75 percent of companies have cybersecurity training for their employees, less than 45 percent say their staff has adequate security expertise. It’s just […]
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Learn about electrical circuits, critical theorems, solar energy and more with this training
Careers in IT are diverse and varied, but one of the most important is one you may not have ever considered — just how do all those networks and systems and devices get all that power, anyway? The work of a smart, knowledgeable electrical power engineer is how. Armed with the training in The Introductory […]