On average, wage growth has outstripped inflation in the last 2.5 years
fair
so most people are better off, income-wise
This doesn’t necessarily follow. Is it possible to run inflation vs wage growth for the bottom 2/3 of earners? Top-heavy growth could distort the data.
fair
This doesn’t necessarily follow. Is it possible to run inflation vs wage growth for the bottom 2/3 of earners? Top-heavy growth could distort the data.
That chart is median wages, so it’s more middle-heavy.
Looks like bottom 25% still saw real wage growth since pre-covid, but not as much. Says non-supervisory and production worker wages increased faster than the overall median in the last 12 months though: https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households