Relevant and even prescient commentary on news, politics and the economy.

Average real wages rise for 12 straight months as prices decelerate faster than nominal wage growth

 by Elise Gould EPI Average hourly wage growth has exceeded inflation for 12 straight months, according to new Bureau of Labor Statistics data released this morning. This real (or inflation-adjusted) wage growth is a key indicator of how well the average worker’s wage can improve their standard of living. As inflation continues to normalize, I’m optimistic more workers […]

A comment on median vs. mean, and job-stratified wage growth

A comment on median vs. mean, and job-stratified wage growth  – by New Deal democrat Before today’s avalanche of data, I wanted to comment briefly on the Employment Cost Index for Q4 that was reported yesterday. This index has the advantage of weighting for type of employment. If low wage workers gain a disproportionate number of […]

American plutocracy in two simple graphs; plus, when will wage growth bottom?

American plutocracy in two simple graphs; plus, when will wage growth bottom? The JOLTS report for February comes out later this morning; I may post on it later or tomorrow. In the meantime, here are updates on several graphs I used to run during the last expansion in order to examine how shared out (or […]