Loading ...“Over the full course of the recovery since the March 2009 bottom, CPI has risen by 13.3%, suppressed by the big fall in gasoline prices in 2014-15. Wages have risen by 15.7%. In those terms, real wages have increased by a total of 2.3% over 9 years. Woop de doo. Even that tiny gain is suspect. If housing costs were accurately measured that apparent minuscule gain in real wages would be revealed to actually be a real decline in purchasing power. In spite of what economists say, wage gains are still not keeping pace with inflation.”
The Daily Data Dive: Two Charts On Why Americans Are Angry About the Economy