Wages in America have been unable to keep up with inflation. A new report by the Atlanta Fed found that 40% of America’s workforce now earns less than the inflation-adjusted cost of living, which is primarily affecting the lowest earners. Wages outpace inflation in thriving economic conditions, but we are amid a wave of stagflation.
https://www.armstrongeconomics.com/armstrongeconomics101/inflation/inflation-outpacing-wages-for-40-of-americans/
https://www.armstrongeconomics.com/armstrongeconomics101/inflation/inflation-outpacing-wages-for-40-of-americans/
Wages in America have been unable to keep up with inflation. A new report by the Atlanta Fed found that 40% of America’s workforce now earns less than the inflation-adjusted cost of living, which is primarily affecting the lowest earners. Wages outpace inflation in thriving economic conditions, but we are amid a wave of stagflation.
https://www.armstrongeconomics.com/armstrongeconomics101/inflation/inflation-outpacing-wages-for-40-of-americans/
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