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More Proof that Pay Raises Are Not Keeping Up with Inflation:

Median weekly earnings of the nation’s 115.8 million full-time wage and salary workers were $876…

  • August 15, 2018

Median weekly earnings of the nation’s 115.8 million full-time wage and salary workers were $876 in the second quarter of 2018 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reports.

This was 2.0 percent higher than a year earlier, compared with a gain of 2.7 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period.

In other words, a lot of Americans aren’t getting raises high enough to keep them ahead of inflation.

Data on usual weekly earnings are collected as part of the Current Population Survey, a nationwide sample survey of households in which respondents are asked, among other things, how much each wage and salary worker usually earns, BLS said.

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