Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
How the Wage-Price Gap Varies by Occupation Type
In this episode of Wages and Prices, Lucas and Luna dig into a data point that rarely makes headlines: the gap between average hourly earnings and the employment cost index has been widening, and the difference tells a story about which workers are actually seeing raises. Using the latest April data, they show that hourly workers in leisure and hospitality saw 5.2% annual wage growth, while office workers in professional services got just 3.1%. Lucas explains how the composition effect—shifts in who is employed—can make average wages look higher without anyone getting a raise. Luna pushes…
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