Day 1,605: flimsy, bonanza

Even as the suspicion of free markets has hardened, evidence for the argument that inequality is rising in the rich world has become flimsier.

Since the covid-19 pandemic this wage compression has gone into overdrive; according to one estimate, it has been enough to reverse an extraordinary 40% of the pre-tax wage inequality that emerged during the previous 40 years. A blue-collar bonanza is under way.

A new age of the worker will overturn conventional thinking

Artwork of the day 
Worker and peasant
Aleksandr Deyneka
Original Title: Рабочий и крестьянин. Рис. для ж. «Искорка»
Date: 1927
Style: Socialist Realism
Series: Spark
Genre: genre painting
Media: white, ink
Dimensions: 26.7 x 21.3 cm

Word of the day 
flimsy: very thin, or easily broken or destroyed 
bonanza: a situation from which large profits are made 

Quote of the day
“Fine dives have been made from flimsier spring-boards”
― F. Scott Fitzgerald, Tender Is the Night