Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Your Raise Is Bigger Than Your Neighbor's Depends on the Industry
This episode of Wages and Prices examines why the real purchasing power of your raise depends heavily on which industry you work in. Lucas and Luna dig into Bureau of Labor Statistics data showing that wage gains in leisure and hospitality have outpaced those in professional services over the past year, even as average hourly earnings hit $37.50. They explore how this sectoral divergence affects workers differently and what it means for the broader economy. The hosts discuss the implications for job switchers, the role of minimum wage hikes, and whether this dynamic is narrowing income…
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