The average worker has lost money to inflation twelve times in the last fourteen months.
Key Points
- For all workers, real (inflation-adjusted) wages declined nearly 0.8 percent in February.
- For all workers, real wages declined for the 12th time in 14 months.
- For production and nonsupervisory workers, real wages declined nearly 0.6 percent in February.
- For production and nonsupervisory workers, real wages declined for the 10th time in the last 14 months.
Consumer Price Index Month-Over-Month
CPI data from BLS chart by Mish
The CPI has been on a tear. It is rising faster than wages for over a year accountingfor the drop in real wages.
Consumer Price Index Year-Over-Year
CPI data from BLS chart by Mish
Year-over-year the CPI is up 7.9%.
Real Wages Year-Over-Year Percent Change
Real Wages Year-Over-Year data from BLS chart and calculations by Mish
Real Wage Key Points
- Real year-over-year wages have fallen 11 times in the past year.
- For all employees, real wages are down 2.58% in the past year.
- For production and nonsupervisory workers, real wages are down 1.86% in the past year.
Hourly Earnings and Real Hourly Earnings Since 1964.
This article was originally published by Mish Talk.
