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progree

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4. True - it's silly and evil to blame workers for inflation when their wages aren't keeping up

Thu Jun 15, 2023, 02:49 PM

Jun 2023

Considered the most reliable gauge of wages and salaries:
https://www.democraticunderground.com/10143067288#post4

So real wages and salaries have finally turned up, slightly, in the last 2 quarters.

But the last reading is still 3.7% below the peak, and 3.4% below the Q1.2021 value.

Inflation began its sustained rise above 2% beginning about 2021 Q1, a little bit past midpoint on the graph. And that's when inflation-adjusted wages began their decline.

Unfortunately, this report is updated only quarterly. Next one due in late July

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Higher interest rates punishing working people Warpy Jun 2023 #1

True - it's silly and evil to blame workers for inflation when their wages aren't keeping up progree Jun 2023 #4

Graphs at progree Jun 2023 #2

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I'm a sub in a small rural district in Oregon jmbar2 Jun 2023 #9