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It’s normalized by CPI, so a flat line would be no wage growth.
Depends on the the sector, obviously. I’m guessing service sector wages have not kept up with inflation, since it seems like every place is understaffed (they’re not offering enough to attract workers). I also don’t think it accounts for part-time and gig worker wages.
I think wages have kept up with inflation, if I’m reading this chart correctly: https://fred.stlouisfed.org/series/LES1252881600Q
It’s normalized by CPI, so a flat line would be no wage growth.
Depends on the the sector, obviously. I’m guessing service sector wages have not kept up with inflation, since it seems like every place is understaffed (they’re not offering enough to attract workers). I also don’t think it accounts for part-time and gig worker wages.