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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: PucksFool ✧✺🐝  😊 😞
Number: of 84360 
Subject: Remember the good old days ...
Date: 12/12/25 3:56 PM
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... during COVID and its aftermath when income inequality was shrinking.

Apple CEO Tim Cook out-earns the average American’s salary in just 7 hours—to put that into context, he could buy a new $439,000 home in just 2 days

He is not unique and not the highest paid.

finance.yahoo.com - Apple CEO tim cook earns

The U.S. is home to the most billionaires in the world, and the country’s changing wealth dynamics are not lost on those living paycheck-to-paycheck. The after-tax wages of Americans in the lowest-income group grew just 1.3% year-over-year this July, down from 1.6% in the month before, according to the Bank of America Institute.

Meanwhile, higher-income wages swelled to 3.2% during the same period—the third consecutive monthly increase. This change marks the widest wealth divide between lower- and upper-income households in four years.

“In some sense, we had an improvement in lower-income wage growth since the pandemic, and now that’s gone into reverse,” David Tinsley, senior economist for the Bank of America Institute, told Fortune this August. “There was a narrowing of wealth inequality, and now it’s widening.”
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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