When you think through the economics, it appears that passengers are likely to face a more expensive future on Uber and Lyft. Source: NYT > Business – Austan Goolsbee
It’s Never Been Easier to Be a C.E.O., and the Pay Keeps Rising
Compensation for top bosses grew at double the pace of ordinary workers’ wages, according to our annual analysis. Topping the list: Elon Musk, with a $2.3 billion package. Source: NYT > Business – Peter Eavis
Many Adults Would Struggle to Find $400, the Fed Finds
Household finances are improving in a strong job market, but just six in 10 adults still could cover a surprise expense without selling something or borrowing money. Source: NYT > Business – JEANNA SMIALEK
The Economy Is Strong and Inflation Is Low. That’s What Worries the Fed.
The Fed’s struggle to coax inflation to its 2 percent target signals the faltering of a foundational economic relationship. That could create a problem in the next recession. Source: NYT > Business – JEANNA SMIALEK
Tech Jobs Lead to the Middle Class. Just Not for the Masses.
The great hope for people without a bachelor’s degree hasn’t yet spread beyond small-scale success stories. Source: NYT > Business – STEVE LOHR
Work in America Is Greedy. But It Doesn’t Have to Be.
Long, inflexible hours are the norm. But in a tight job market, more companies are offering flexibility on the when and where of work. Source: NYT > Business – CLAIRE CAIN MILLER