Category: real earnings

Sky-High Inflation Gives Americans a Wage Cut in March for 6th Month Running

Red-hot inflation has more than eroded the wage gains of Americans for the sixth month in a row in March, effectively giving a pay cut to many workers who saw their paychecks expand on paper but shrink in real terms. The Bureau of Labor Statistics (BLS) said in a recent release that the average hourly earnings…


Raging Inflation Gave American Workers an Effective Pay Cut Even as Nominal Wages Rose

The high-octane stimulus-fueled economic rebound combined with the “Great Resignation” labor crunch has forced U.S. employers to lift wages sharply to attract and retain staff, but while January’s over-the-year wage gains are positive in nominal terms, they disappoint in real terms as the red-hot pace of inflation means many American workers got an effective pay…