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<blockquote data-quote="Next Day Err" data-source="post: 5946842" data-attributes="member: 107379">As of mid-2024, wage growth in the United States has generally caught up with and, in some periods, surpassed the inflation rate. Specifically, for the past 15 months, wages have grown faster than prices. From April 2023 to April 2024, wages rose by 3.9%, while inflation increased by 3.4%. Looking at a longer period, from April 2022 to April 2024, wages grew by 8.8% compared to an 8.5% rise in inflation.However, over the entire period of President Biden’s tenure since January 2021, inflation has slightly outpaced wage growth. Inflation increased by 19.3% during this time, while wages rose by 16.1%.In contrast, during the earlier phase of Biden’s presidency, inflation outpaced wages. This trend reversed from mid-2023 as inflation eased and the job market improved, allowing wages to grow faster than inflation for over a year.Overall, while wage growth has fluctuated relative to inflation, recent trends show that wages are now growing faster than prices, helping improve the purchasing power of American workers.But please, believe what you want to believe.</blockquote>

[QUOTE="Next Day Err, post: 5946842, member: 107379"] As of mid-2024, wage growth in the United States has generally caught up with and, in some periods, surpassed the inflation rate. Specifically, for the past 15 months, wages have grown faster than prices. From April 2023 to April 2024, wages rose by 3.9%, while inflation increased by 3.4%. Looking at a longer period, from April 2022 to April 2024, wages grew by 8.8% compared to an 8.5% rise in inflation. However, over the entire period of President Biden’s tenure since January 2021, inflation has slightly outpaced wage growth. Inflation increased by 19.3% during this time, while wages rose by 16.1%. In contrast, during the earlier phase of Biden’s presidency, inflation outpaced wages. This trend reversed from mid-2023 as inflation eased and the job market improved, allowing wages to grow faster than inflation for over a year. Overall, while wage growth has fluctuated relative to inflation, recent trends show that wages are now growing faster than prices, helping improve the purchasing power of American workers. But please, believe what you want to believe. [/QUOTE]

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