Jacob Reed - ReviewEcon.com on Twitter: "RT @byHeatherLong: Workers are experiencing the biggest decline in years in inflation-adjusted pay. Wages are up 5.1% in past year. Infla…" / Twitter
Workers are experiencing the biggest decline in years in inflation-adjusted pay. Wages are up 5.1% in past year. Inflation is up 9.1%.The Labor Department calculates that workers had a -3.6% inflation-adjusted decline in pay in the past year (that's seasonally adjusted). pic.twitter.com/yM0cd7sHbn— Heather Long (@byHeatherLong) July 13, 2022