Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
How Your Raises Are Finally Beating Your Boss's Raises
Wage growth has been outpacing inflation for months, but new data shows that lower-paid workers are now getting bigger percentage raises than executives. Lucas and Luna dig into the Bureau of Labor Statistics' latest release on wage growth by percentile, covering the 10th, 50th, and 90th percentiles. They discuss why the gap is narrowing, what it means for income inequality, and how this connects to the tight labor market and minimum wage increases in several states. The episode also touches on the recent PPI spike from energy costs and the ECB's rate hike. A specific look at who is…
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