I think what GP may have meant is that wage inflation has different factors than overall inflation. Wages aren’t based on cost directly, but supply and demand.

I think what GP may have meant is that wage inflation has different factors than overall inflation. Wages aren’t based on cost directly, but supply and demand. So it’s possible that inflation is up 10% because food, rent, etc but there’s still tons of people willing to do a job so wages did not match inflation. So it’s important to look at how wages are doing rather than just straight lining from inflation. I think based on the current economy and super low unemployment that wages have increased as well. Perhaps more than inflation.