Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
The Service Sector Wage Trap in October 2026
In this episode, we look at why your grocery bill isn't coming down even as wages rise. Lucas and Luna explore the specific mechanics of the service sector wage trap. We use the latest Employment Cost Index data to show how labor costs are baked into every transaction. The hosts explain why productivity gains in manufacturing don't translate to lower prices for services like haircuts, dining, and repairs. This is a deep dive into the structural inflation keeping purchasing power flat for middle-income households.
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The skinny
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