Wages vs. Real Wages Over Time: How the Fed Destroyed the Middle Class in Pictures
June 18, 2014Spread the love
On Monday, a BLS Real Earnings report showed: Real average hourly earnings for all private employees fell 0.2 percent from April to May. This result stems from a 0.2 percent increase in the average hourly earnings being more than offset by a 0.4 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U). For all private employees, real average hourly earnings fell 0.1 percent, seasonally adjusted, from May 2013 to May 2014
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Wages vs. Real Wages Over Time: How the Fed Destroyed the Middle Class in Pictures