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Open original source ↗Yes, but wouldn't it be grand of wages were growing as fast as they were in 2020?
Via @indeed today: "While overall growth has been stable over past 6 months, pay gains aren’t being distributed equally, w/wage growth for middle-wage occupations lagging."
https://t.co/PGJuYLhHLS https://t.co/TSB8aSCD8V
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@DiMartinoBooth Worth splitting: this is not a wage collapse. Nominal average hourly earnings are 3.09% y/y, down only 35bp in a year. CPI went from 2.39% in January to 3.35% in August. That is what flipped real earnings negative back in April, and they have stayed negative five months running.
TradingRealms ↗