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News@lemmy.world · 9 months ago

US Bureau of Labor Statistics reports average hourly wage growth has surpassed inflation for 12 straight months

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US Bureau of Labor Statistics reports average hourly wage growth has surpassed inflation for 12 straight months

btaf45@lemmy.world to

News@lemmy.world · 9 months ago

5

Average wages have surpassed inflation for 12 straight months

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…

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9 months ago
Too bad the inflation number they’re using is exactly what the whole ‘lies, damn lies, and statistics’ saying is talking about.

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