In today's Usual Weekly Earnings Summary, the BLS reported folks’ weekly earnings up 2.6% in the fourth quarter of last year.
Inflation rose 6.7% during the same period, meaning everyone lost money.
This is not a sign of economic growth.
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Wages Up A Little, Inflation Up A Lot
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In today's Usual Weekly Earnings Summary, the BLS reported folks’ weekly earnings up 2.6% in the fourth quarter of last year.
Inflation rose 6.7% during the same period, meaning everyone lost money.
This is not a sign of economic growth.