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Economy

progree

(11,579 posts)

1. "the massive job and wage gains of 2021" - well, wages didn't keep up with inflation

Reply to mahatmakanejeeves (Original post)

Wed Jan 12, 2022, 11:37 PM

Jan 2022

I am sorry to say.

Average real (inflation-adjusted) earnings of production and non-supervisory workers

80% of the workforce

http://data.bls.gov/timeseries/CES0500000032

2021 12 months in 1982-1984 dollars:
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
9.82 9.81 9.76 9.75 9.74 9.68 9.69 9.71 9.73 9.68 9.64 9.66

There's a graph at the above link.

There was a slight uptick in December.

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2021 shattered job market records, but it's not as good as it looks [View all] mahatmakanejeeves Jan 2022 OP

"the massive job and wage gains of 2021" - well, wages didn't keep up with inflation progree Jan 2022 #1