Wages & Inflation Since COVID-19
Barry Ritholtz
APRIL 29, 2024
Putting the final touches on my quarterly RWM client call, I wanted to share a chart that is surprising to many people. The above shows changes in the BLS Average Hourly Earnings and Consumer Price Index since the Pandemic blew up in February 2020. What seems to surprise people: On average, U.S. wages have outpaced inflation since 2020.1 What are the key drivers here?
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