Here it is, spring at last.
Well…not here in central New Hampshire where we’re going to get somewhere from 21″ of snow to…3-6″. Gotta love the northeast in “spring”!
Income vs Inflation
Things continue to improve with worker income increases outpacing inflation.
From USAToday:
the average salary in the U.S. has grown by 5.4%, there was a gain of 3.2% in the Consumer Price Index for All Urban Consumers. This indicates that the average income increase is also an increase in people’s real income — taking into account their spending power.
Workers have seen steady increases in earnings over the last two years…
Two other items of note:
- Black unemployment fell beneath 5 percent for the first time in history this last April.
- There are 6 million more jobs today than in December 2019.
Innovation
The CHIPS Act – bipartisan legislation that funded development of domestic computer chip research and manufacturing – is creating tens of thousands of new jobs, many in Ohio, Arizona and Nevada.
And that’s just the start.
Today, a total of zero computer chips are manufactured here…in less than 6 years, 20% of the world’s most advanced chips by 2030 will be made in the USA.
That is great news indeed for workers, families, national defense, and our position in the world as the leading innovator of next-gen technology.
Kudos to politicians on both sides of the aisle.
Innovation
One of the issues with healthcare research is studies, findings, and interpretation thereof may not factor in differences between male and female conditions, treatments, reactions to those conditions and treatments, long-term complications, and diseases and medical issues specific to either sex.
To address these disparities, The Administration announced a “new NIH-wide effort that will direct key investments of $200 million in Fiscal Year 2025 to fund new, interdisciplinary women’s health research…”
As more than half of Americans are female, this is very welcome news.
What does this mean for you?
We are getting wealthier and healthier.
