On a recent cross-country trip—I (Paul) drove from California to Illinois and back again. On the drive, I saw a sign I had never seen before: In a McDonald’s window it said $1,000 SIGNING BONUS. That was not a thing when I was a teenager doing minimum-wage jobs. No one paid you $1,000 signing bonuses to work for fast-food restaurants.
  • RennederOPM
    4·
    1 year ago
    •  While driving cross-country, the author noticed a $1,000 sign-up bonus sign at McDonald's. 

•  The US workforce remains structurally imbalanced and resists downsizing. 

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•  The participation rate is a full percentage point below pre-Covid levels, which is amazing. 

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•  We need the best tools and technologies to achieve explosive growth in productivity.