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Inflation trumps wage gains

Inflation trumps wage gains

Marketplace vor 1 Monat

0:00

25:35

The latest BLS data put real hourly wage gains at -0.3% last
month, compared to last year. That’s thanks to inflation running
hotter than pay raises. To make up for it, some workers are
putting in extra hours or dipping into their savings. In this
episode, how much longer can Americans cope with what are
effectively inflation-driven pay cuts? Plus: The gender wage gap
slows economic productivity, housing starts grow in the Northeast
as they fall elsewhere, and we weigh the possible outcomes of
next week’s FOMC meeting.

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Read the stories in today’s episode:

Last call for Fed rate predictions

Inflation has devoured pay gains over the past year

Why the gender pay gap holds back productivity

Retiring at age 37 to give back to the community

Housing starts are down in most of the country. Here's why
the Northeast is the exception