Heterodox
Real hourly and aggregate wages update; plus further comments on consumer and producer inflation – by New Deal democrat Let’s update some inflation-related information. First of all, real hourly wages for non-managerial personnel increased less than 0.1% in April. They are up about 3% from just before the pandemic, and also up a little over 1% since their June low last year: Note the graph above is normed to 100 as of the long-time...
Read More »Real hourly and aggregate wages update; plus further comments on consumer and producer inflation
