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Aaron Sojourner@aaronsojourner.org |
If employer demand for labor falls or new workers enter to supply, price (wage) should fall. Private-sector wage growth decelerating in annualized over-the-month (3.5%), over-3-month (3.6%), & over-year (3.9%) rates. Fed, bizs, & retirees want to push this down. Working families, not so much.
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Aaron Sojourner
@aaronsojourner.org
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On average workers can afford more stuff per hour of work than a year ago; hourly wages grew faster than consumer prices, 3.9% vs 3.3%. Caveat: rise, dip, & rise in 2020-2021 earnings mostly not real. Low-wage workers let go spring '20, wage of still-employed up. 2021 service hiring spike reversed
1 replies 1 reposts 9 likes