4 ms·
Your first source doesn't really support its own headline. "Workers’ Paychecks Are Growing More Quickly Than Prices" becomes "most workers" in the subhead, then
by leereeves 3y ago
Your first source doesn't really support its own headline. "Workers’ Paychecks Are Growing More Quickly Than Prices" becomes "most workers" in the subhead, then "57 percent" in the text.
> 57 percent earned higher annual inflation-adjusted wages than the year before
Which means 43 percent did not, which isn't that good.
And the housing situation in particular is worse, when you consider that that year-over-year CPI increase was 3.1%, but "S&P Dow Jones Indices’ CoreLogic Case-Shiller national home price index rose 5.1%"[1] over the same time. IOW, most workers' wages have fallen relative to home prices.
> Young adult workers ... have seen their real median wage rise 12 percent since the onset of the pandemic
The CPI since early 2020 has risen about 20%, so those wages, before adjustment, must have risen about 35%. But "U.S. home prices are now up 45% since March 2020, the early days of the pandemic."[1]
1: https://www.msn.com/en-us/money/realestate/us-home-prices-are-up-45-since-march-2020/ar-BB1hCI56 https://www.msn.com/en-us/money/realestate/us-home-prices-ar...