Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Where Your Raise Goes Before You See It
Episode 14 of Wages and Prices with Fexingo — Lucas and Luna dig into the gap between paycheck growth and purchasing power by looking at the rise of mandatory payroll deductions. Using the latest Employment Cost Index data and a real example from a mid-career tech worker, they show how benefits like health insurance and retirement contributions are eating raises before workers ever see them. Plus, they break down why economists say the wage-vs-inflation picture looks rosier than households report — and what the 10-year breakeven inflation rate of 2.4 percent tells us about where things are…
The skinny
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