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Nearly 6 in 10 Americans earned more last year, even after inflation: Study
The Hill ^ | 01/03/2024 | JULIA SHAPERO

Posted on 01/03/2024 1:26:55 PM PST by ChicagoConservative27

Nearly 6 in 10 American workers saw their wages grow more quickly than inflation in the past year, according to a new analysis from the Center for American Progress (CAP), a left-leaning think tank.

Some 57 percent of workers earned higher inflation-adjusted wages in November compared to one year earlier, the analysis found. This represents a larger share of workers than the average before the COVID-19 pandemic, between 2017 and 2019.

“In fact, real wages for a typical worker stand at about the level expected if there had been no pandemic or recession in early 2020 and if they had kept growing at the same rate as in years prior,” the CAP noted in the study released Wednesday.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: absurd; americans; earned; income; inflation; study
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To: ChicagoConservative27

Note that Real Wages are on a DOWNWARD trajectory for the whole Biden Administration.

41 posted on 01/03/2024 2:01:03 PM PST by Uncle Miltie (Objective: Permanently break the will of the population to ever wage war again.)
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To: metmom
...that doesn’t mean they have more money for living expenses.

Excellent point that bears repeating.

42 posted on 01/03/2024 2:02:16 PM PST by skr (Righteousness exalteth a nation: sin is a reproach to any people. - Proverbs 14:34)
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To: rdcbn1

LOL


43 posted on 01/03/2024 2:04:48 PM PST by PMAS (Vote with your wallets, there are 80 million of us - No China made, No Amazon)
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To: ChicagoConservative27

The Hill should be called the BS.

LEFT WING RAG and democrat mouthpiece.


44 posted on 01/03/2024 2:06:44 PM PST by Pearfect
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To: ChicagoConservative27

Math is not their friend. Never was. Never will be.


45 posted on 01/03/2024 2:09:10 PM PST by Da Coyote
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To: ChicagoConservative27

Yeah and for every extra dollar Americans have to pay 2 dollars in taxes and double the 2020 prices of food and gas...


46 posted on 01/03/2024 2:09:42 PM PST by Tennessee Nana
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To: ChicagoConservative27

Yep BS. The gaslighting begins for election season 2024


47 posted on 01/03/2024 2:09:47 PM PST by TermLimits4All ("If you stand for nothing, you'll fall for anything.")
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To: ChicagoConservative27

Illegals are doing much better than in their homeland.


48 posted on 01/03/2024 2:10:02 PM PST by Mark (DONATE ONCE every 3 months-is that a big deal?)
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To: ChicagoConservative27

“Center for American Progress (CAP), a left-leaning think tank”

Stopped reading right there.


49 posted on 01/03/2024 2:11:38 PM PST by DAC21
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To: ChicagoConservative27

CEOs and attorneys.


50 posted on 01/03/2024 2:13:25 PM PST by jeffc (Resident of the free State of Florida)
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To: wardamneagle

“Center for American Progress (CAP), a left-leaning think tank

Should say enough....click”

Not to mention the liberal website thehill.com posting it.


51 posted on 01/03/2024 2:26:31 PM PST by chuckb87
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To: ChicagoConservative27

That means 40 % are falling behind! Would not happen under Trump. Thanks Joe Biden.


52 posted on 01/03/2024 2:27:24 PM PST by mfish13 (Elections have Consequences.)
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To: ChicagoConservative27

I can agree that most people got a raise this year. I do not agree that most of those people got a raise even after inflation.


53 posted on 01/03/2024 2:32:45 PM PST by Jonny7797
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To: ChicagoConservative27

2024. Here it comes! For the next 11 months the media is going to tell you this is the greatest American economy EVER!


54 posted on 01/03/2024 2:35:23 PM PST by yesthatjallen
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To: catnipman

“except Federal inflation calculations exclude food and energy costs ...”

Wonder if it includes homeowner’s insurance? That went up about 40% last year. And I’m hearing the same thing in widely variable parts of the nation; so it’s not regional or by state only.


55 posted on 01/03/2024 2:42:09 PM PST by John Milner (Marching for Peace is like breathing for food.)
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To: ChicagoConservative27

I’m doing well right now, and gas is $2.49 a gallon.


56 posted on 01/03/2024 2:46:48 PM PST by PoeToaster
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To: eyeamok

“Americans are just to stupid to realize how great things are...”

Joey! I didn’t know you were on FR! Welcome aboard.


57 posted on 01/03/2024 2:47:03 PM PST by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: ChicagoConservative27

The Hill polishing turds again. Did SS recipients get a 23% raise since 2019?


58 posted on 01/03/2024 2:48:04 PM PST by Dennis M.
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To: ChicagoConservative27

propaganda


59 posted on 01/03/2024 2:50:37 PM PST by TexasFreeper2009
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To: ChicagoConservative27

Americans earned more last year

But the cost of living went up higher no net gain.


60 posted on 01/03/2024 2:55:18 PM PST by Vaduz
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