Inflation Has Started Eating Up American Workers’ Raises


Over the past year, average hourly wages for American workers have risen by roughly 2.7 percent, according to the latest jobs report from the Bureau of Labor Statistics. Pay has been rising pretty steadily at this pace since roughly last July—which would seem like a definite improvement from the days of 2013 and 2014 when wage growth hovered around 2 percent.

But take a look at what happens when you adjust for inflation. In February, the most recent month for which we have consumer price index data, wages basically didn't rise at all...

http://www.slate.com/blogs/moneybox/2017/04/07/inflation_has_started_eating_up_workers_raises.html


  • Facebook Social Icon
  • White Twitter Icon
  • Instagram Social Icon

© 2020 Gold Prices Now