No Silver Lining: Wages Fell While Inflation Soared This Spring
Median weekly earnings of the nation’s 113.6 million full-time wage and salary workers were $990 in the second quarter of 2021 , the U.S. Bureau of Labor Statistics reported today. This was 1.2 percent lower than a year earlier. That compares with a gain of 4.8 percent in the Consumer Price Index over the same…