- A new report published by the Federal Reserve Bank of Dallas states that American workers’ wage growth is lagging behind inflation at a rate causing problems unseen in a quarter-century.
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The report said that the situation, even with wage growths caused by a tight labor market, is worse than what the country is used to seeing because of high inflation.
- “We find that a majority of employed workers’ real (inflation-adjusted) wages have failed to keep up with inflation in the past year,” said the report, published Tuesday.
- “For these workers, the median decline in real wages is a little more than 8.5 percent. Taken together, these outcomes appear to be the most severe faced by employed workers over the past 25 years.”
Americans Face ‘Most Severe’ Impact To Wages In 25 Years
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