Inflation wiped out America's pay raises - News Summed Up

Inflation wiped out America's pay raises


That industry's employers are scrambling to find workers, resulting in a 1.6% bump in pay and benefits since December 2019, according to Furman's analysis. But employees of the utilities industry saw their real compensation slide 1% since December 2019. In education and health services, their real compensation slid 0.8%. Manufacturing fell 0.7% and in transportation and warehousing, real compensation slipped 0.6%. But if the inflation growth rate starts to ease, workers will be better able to enjoy their boost in pay.


Source: CNN August 10, 2021 11:03 UTC



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