It turns out that
inflation adjust wages have been rising for 12 months.
Clearly our elites want this stopped:
Average hourly wage growth has exceeded inflation for 12 straight months, according to new Bureau of Labor Statistics data released this morning. This real (or inflation-adjusted) wage growth is a key indicator of how well the average worker’s wage can improve their standard of living. As inflation continues to normalize, I’m optimistic more workers will experience real gains in their purchasing power.
The dark blue line in the figure below plots year-over-year real hourly wage changes for all private-sector workers.
When economists whine about, "Wage Pressures," they mean that the poors are doing too well.
0 comments :
Post a Comment