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New data show much faster growth in wages and incomes.
Wages and salary figures have been going up faster than previously estimated, with the year-over-year increase revised from 3.6% to 5.5%. Even after adjusting for inflation, that is 4.1%.
Overall personal income is up, transfer receipts (welfare) are down, and savings is up. Americans are relying less on the government and saving more of what they earn. Personal savings is 8.1%, not the 6.1% that had been estimated. Consumer spending is up despite the increase in savings. The fact that spending isn't accompanied by a household debt increase makes the economic expansion more durable.
The numbers for the first quarter of 2019 look particularly good for reducing income inequality. Corporate profits declined while wages grew at an annualized rate of 10.1%.
(Score: 0) by Anonymous Coward on Friday August 02 2019, @09:42PM
To clarify a bit more, he has been working in the industry for ~18 years, for 4 employers, a good number of professional references who work at the companies he is interviewing at and can testify to his skills and character. The vibe in town is that the companies are looking for people.
To get invited for an onsite interview, he has to go through online interviews where they give him an IDE-in-the-browser, and then give him a problem like "program a binary tree and implement an in-order traversal" or something random like that. If he can do it snappily and correctly enough, then he has a chance for an onsite interview.
But they all seem very lukewarm when it comes to extend an offer. He's not in a hurry so he thinks of this as opportunity for practice and the cost of being in the business.
Looking around, I think the platform they made him test on was https://www.hackerrank.com/ [hackerrank.com]