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You don't need to use such as indirect an indicator as Wal*Mart. The BLS will do. https://www.bls.gov/news.release/realer.nr0.htm https://www.bls.gov/news.rele
by scythe 4y ago
You don't need to use such as indirect an indicator as Wal*Mart. The BLS will do.
https://www.bls.gov/news.release/realer.nr0.htm https://www.bls.gov/news.release/realer.nr0.htm
>Real average hourly earnings decreased 1.8 percent, seasonally adjusted, from January 2022 to January
2023. The change in real average hourly earnings combined with an increase of 0.3 percent in the
average workweek resulted in a 1.5-percent decrease in real average weekly earnings over this period.
People are working more and making less.
- seizethecheese 4y agoThe long term view is helpful. https://fred.stlouisfed.org/series/COMPRNFB https://fred.stlouisfed.org/series/COMPRNFB
- hattmall 4y agoSo the real hourly rate is 12% higher than it was in 2012. Is that a correct reading of the chart? That seems not great because rent and food feel like they have doubled.
- gruez 4y ago>That seems not great because rent and food feel like they have doubled. They haven't. https://fred.stlouisfed.org/series/CPIUFDSL https://fred.stlouisfed.org/series/CPIUFDSL https://fred.stlouisfed.org/series/CUSR0000SAS2RS https://fred.stlouisfed.org/series/CUSR0000SAS2RS