Mark A Lemley on Nostr: Great news: wage increases have outpaced inflation over the past five years. The ...
Great news: wage increases have outpaced inflation over the past five years. The result, as the nonpartisan Congressional Budget Office shows, is that “for all income groups…the portion of household income required to purchase the same bundle of goods and services declined.” Increased purchasing power net of inflation ranges from 2 to 6.3%, but all income groups benefited.
https://www.cbo.gov/publication/60166Published at
2024-05-18 18:33:57Event JSON
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"content": "Great news: wage increases have outpaced inflation over the past five years. The result, as the nonpartisan Congressional Budget Office shows, is that “for all income groups…the portion of household income required to purchase the same bundle of goods and services declined.” Increased purchasing power net of inflation ranges from 2 to 6.3%, but all income groups benefited. \n https://www.cbo.gov/publication/60166",
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