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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hello? Lower inflation now means diddly squat without wage increases. What is the delta?[/quote]

Wages are way up under Biden.[/quote]

So are they comparable to inflation over the past several years? Are wages keeping up for everyone?[/quote]

"In August 2024, inflation amounted to 2.5 percent, while wages grew by 4.6 percent. The inflation rate has not exceeded the rate of wage growth since January 2023"
2022 was BAD.

"Wages outpace inflation
The Consumer Price Index, a measurement of the change in price of goods and services, has increased 20.8% since the beginning of the pandemic, according to Bureau of Labor Statistics. During that same period of time, average hourly earnings increased 22.3%.

"We had this period where inflation rose faster than wages, and what we've how had in the last year or so is we've seen wages growing faster than inflation," said Gerald Cohen, a professor and chief economist at the Frank H. Kenan Institute of Private Enterprise at the University of North Carolina."

https://www.usatoday.com/story/news/politics/2024/07/16/inflation-vs-wages-rnc-2024/74417898007/[/quote]

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