Inflation Has Taken Away All the Wage Gains for Workers and Then Some - NewsBreak
By Frank in Business
Updated 2 years ago
Real average hourly earnings when accounting for inflation, actually decreased 0.5% for the month. A 0.9% inflation increase negated a 0.4% rise in wages. Consumer confidence has been sliding despite the rising wages, which are up nearly 5% nominally year over year but have declined 1.2% in real terms....