Real wage declines are here. And they are big and bad. This will not be the top line story it should be. We will not get the endless pontification about what this means. We won’t get the diner interviews and the hot takes. We’ll get nothing.
This only matters some of the time…
Trevon Logan
Real wages are now falling faster than any time in 2022 by this measure.
Aaron Sojourner
Looking at change rates in wages versus consumer prices 3-month annualized, in the most recent data...
Wages (red) up at a 2.8% rate and prices up at 8.2% rate (blue). So real hourly wages falling at abt 5.4% annualized rate.
If continues, average hour'll buy 5.4% less than a year before
