Bidenflation: Worker Incomes Fall Further Behind Inflation

Bidenflation: Worker Incomes Fall Further Behind Inflation

Wage gains weakened in December even as inflation likely accelerated, pushing workers even further behind and making meeting it tougher for millions of American families to meet their household needs.

The average hourly earnings of what the government calls “production and nonsupervisory” employees rose in December to $26.61, nearly a 0.7 percent gain for the month, according to data released by the Labor Department on Friday. That’s an acceleration in wage gains on a month-to-month basis from the 0.45 percent in November.

But on an annual basis, gains have slowed. The annual gain was 5.8 percent, down from six percent in November.

And inflation likely has put the wage gains underwater. In November, the Consumer Price Index rose 6.8 percent compared

Trending: Vaccine mandates around the world collapse after U.S. Supreme Court decision

Continue reading

You Might Like


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend