Paycheck

Nobody, I, the...

Man, only Paycheque for Pink, man.

Bro, bro, nobody has been worried about anything Pink has done since Owen Wilson's debut as Lightning McQueen in Pixar's blockbuster classic-

[laughs] Cars

He's also held positions at the University of California, Berkeley and the University of Illinois, Harvard Business School, London Business School and many others.

Jeff is also the author of a ton of books, 19 of them, including The Human Equation, The Knowing-Doing Gap, Dying for a Paycheck, and The Seven Rules of Power, which is the focus of this episode.

In this episode, Jeff and I talk about the thesis of Jeff's book, The Seven Rules of Power.

We discuss the purpose of power, the knowing-doing gap, and how we can build profits through by putting people first.

Well, the thesis, I think, is extremely well described by its subtitle.

The book is titled The Human Equation, and the subtitle is Building Profits.

of the book, that if you build organizations, and then this actually to some extent ties into my 2018 book, Dying for a Paycheck, if you build a culture, which is what I would describe as people-centric or human-centric in the sense that it has a set of management practices that and helpful.

It is interesting how few organizations do it, but it's not particularly controversial.

Welcome back to another one of our AMA Ask Me Anything conversations.

Today, I'm excited to be joined by a listener who's asking a question that goes right to the heart of my new book, The Forever Paycheck.

How much is it worth to sleep well at night? What does it take to quiet your money anxiety in retirement? Jenna, welcome to the show.

Nice to see you, and what can I help you with?

Thank you so much.

Before I go, I wanna hear from all of you.

Do you have a question about The Forever Paycheck or about your own retirement? Maybe you're wondering how much you can safely spend, when to take Social Security, or whether an annuity makes sense for you.

Send your questions to mailbag@hermoney.com, and I'll tackle as many as I can in an upcoming Mailbag episode.

We're all national leaguers.

Paychecks are coming and we got a chance to play in the best league in the world.

Let's go.

We got 82 games here, but before that, let's get fucking drunk.

Now, if you fast forward to today, bank lending rates are pretty normal, meaning that the growth of the money supply from bank lending is kind of standard at the current time.

and instead we have larger than average structural deficits that are going to social security medicare uh defense uh and then from there it trickles into the economy because the medicare worker like the you know the workers in the in the healthcare system the workers in the defense system the soldiers that that Paycheck, I mean, that eventually kind of floods into the rest of the economy as well, circulates around.

Interest expense is very high.

That again, also partially that circulates back in.

It's with regard to the earnings picture.

How much more are people making? On a month-over-month basis between July and August, Paychecks rose average hourly earnings by three tenths of one percent.

That was pretty bang in line with expectations.

Average hourly earnings on a year over year basis coming in at three point one percent.