Heterodox
– by New Deal democrat With this week’s inflation report for April, we can update several measures of the real economic status of average American workers, as well as their forecast for further job and economic gains. First, here is real average hourly wages for nonsupervisory workers. In April, nominal average wages increased 0.2%. Since consumer inflation increased 0.3%, real nonsupervisory wages declined -0.1%, the third monthly decline in...
Read More »Real wages, payrolls, and consumption vs. employment, and their forecast implications: April update
