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Breaking: Wage Inflation Now Outpacing Consumer and Wholesale Inflation

The Bureau of Labor Statistics' quarterly report of Weekly Earnings for the US worker showed that wages increased 5.7 percent in the last year, outpacing consumer inflation which is at 4% year-over-year. This is a welcome change for workers who had seen their real wages fall during the post pandemic inflation spike.

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Key Takeaways (TLDR)

  • US workers experienced a welcomed increase in wages, outpacing consumer inflation, after a post-pandemic decline.
  • The tight labor market, due to a decline in population growth, is driving wage inflation and competition for employees.
  • Wages are rising due to a two-to-one ratio between job openings and available workers, following supply and demand principles.
BlockchainDetails
Chainpolygon-main
Transaction ID0xbb25844823a7a0605458a58f5e3cb48205b65b0dcd172920fc01804b57d58ee3
Contract Address0x9a636D8B94D6808D3CACb9c81f6A92988e8b852E
NWAI Digital Fingerprint602-052a7d1a827f276486f235c3f83e7efb
Registration Timestamp2023-07-18T23:30:09+00:00

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