• 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.
• 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.”

Tagged: #Bidenflation