Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Your Raise Is Outpacing Prices for the First Time in Years
In Episode 32 of Wages and Prices, Lucas and Luna examine a rare economic turning point: after years of raises lagging behind inflation, wage growth is finally pulling ahead. With average hourly earnings at $37.40 and the ten-year breakeven inflation rate dropping to 2.36 percent, real purchasing power is rising for the first time in this cycle. But it's not even across the board. The hosts unpack which workers are gaining ground, which sectors still lag, and why this reversal might not last. They also discuss the upcoming May jobs report and what private payroll growth of 122,000 says…
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