Felix Oberholzer-Chi

And I understand that is in part driven by quickly rising prices.

So when I go to a restaurant, it's not really hard for me to say if it's an expensive place or not.

Because I'm looking at much higher prices and I don't know, am I looking at inflation or I happen to be at an expensive place?

So I can sort of understand the disorientation that comes from a period with quickly rising prices.

But at the same time, the fact, Mihir, you're exactly right.

It remains true.

The economy is in excellent shape.

And if you look at it

Decile by decile by decile.

And you find that the four lowest deciles of workers have wage increases in excess of inflation.

I think that is just really something to celebrate.

And the only sad thing is that we don't.

And in part, it's a story about CEOs, but in part, it's also a story about business media.

It's just so much easier to follow the latest thing on Twitter.

I cannot tell you how I dislike these stories that is basically five tweets spun together, held by a narrative that...

It's not really a convincing narrative in the first place.

And what's really interesting is what is it about the business media that we don't hear more about these quiet efforts?

Because you could write about, there's a million interesting things going on at Microsoft.

The work that Larry Culp is doing at GE is completely invisible in the business press.

It's a really big, important company.