The bottom line
• Nearly 40 perce nt of U.S. employees worked for a younger boss in 2014, up from 31 percent of workers in 2010. Caterpillar, AIG, SAP, and Ford have all hired executives in their 30s for senior positions since last year. The Wall Street Journal
• The largest global banks plan to move about 9,000_jobs from London to continental Europe over the next two years, according to statements that have been made since the Brexit vote. While that represents just 2_percent of Lon don’s finance jobs, Britain’s tax revenue would suffer from losing highincome taxpayers. Reuters.com
• Last year was the first in which more Americans relied solely on cellphones than on landlines. Some 50.8 percent of homes and apartments had only cellphone service, according to a recent government survey, versus 45.9_percent with landline phones. Associated Press
• Of 37 economists surveyed by the University of Chicago’s Booth School of Business, just two said that President Trump’s proposed tax cuts would pay for themselves by stimulating enough economic growth to make up for lost tax revenue. Both economists later said they misunderstood the question and reversed their answer, saying the proposed tax cuts wouldn’t pay for themselves.
The Washington Post
• The typical CEO of an S&P 500 company earned $13.1 million in 2016, or 347 times more than the average American worker, according to a recent analysis by the AFL-CIO. The labor federation says that CEO pay rose nearly 6 percent last year, outpacing wage increases for workers.