Wage growth has been outpacing inflation for well over a year now in the us. The issue is that there was a huge spike of inflation during the pandemic and many people have fallen far behind so there is a lot of catching up to do.
Wage growth has been outpacing inflation for well over a year now in the us. The issue is that there was a huge spike of inflation during the pandemic and many people have fallen far behind so there is a lot of catching up to do.
aStonedSanta@lemm.ee 5 months ago
When does this catching up ever happen. Never seen it myself.
EatATaco@lemm.ee 5 months ago
During the period when inflation was real hot, my wife got a 35% pay raise and I got around a 28% pay raise. We beat inflation by a long shot.
Should I recognize that my situation was the representative of the general economy? Or should I say something like “my personal situation reflects the general state of people in the economy” and then argue that wage growth was outpacing inflation?
_tezz@lemmy.world 4 months ago
Pretty sure it’s been going on a while, but unless you’ve changed jobs in the last two years it’s unlikely you feel these effects. Employers dont give raises in line with inflation but they’re sure paying new employees a lot more than they used to.
epi.org/…/average-wages-have-surpassed-inflation-….
aStonedSanta@lemm.ee 4 months ago
Yeah. That was my assumption.