Despite all the recent hype,wage growth is still rather meh, especially for the typical American. The culprit? Inflation. Average hourly earnings final year grew at their slowest pace since 2012, or once inflation is taken into account,said Jay Shambaugh, director of The Hamilton Project at the Brookings Institution, and which focuses on economic growth. That’s mainly because inflation picked up over the past two years,eroding the value of any wage increases. Inflation fears hold rocked the stock market recently, […]
Source: q13fox.com