>wage gains were beating inflation Nitpick: the real value of wages paid has been declining since 2020. Individual real wages increased because of workforce co

>wage gains were beating inflation Nitpick: the real value of wages paid has been declining since 2020. Individual real wages increased because of workforce composition effects, but you can't run an economy on workforce composition effects. https://www.dallasfed.org/research/economics/2022/0215 https://www.dallasfed.org/research/economics/2022/0215