Average wages have surpassed inflation for 12 straight months
www.epi.org
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…
  • btaf45@lemmy.worldOP
    1·
    1 year ago

    Real wages are still below inflation.

    That is impossible since ‘real wages’ are the difference between nominal wages and inflation.

    Nominal wage growth is what is above inflation.

    Which is another way to say that real wages (after inflation) are going up.