Investor Presentaiton

8 4 2 Wages are growing faster for lower wage workers (Percent Annual Wage Growth) Bottom 25 percent Top 25 percent 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Source: Atlanta Fed, BLS 5 June 2023 |http://haslam.utk.edu/boyd-center T BOYD CENTER FOR BUSINESS AND ECONOMIC RESEARCH

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