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Yeah, it is certainly the case that wage inflation has not been nearly as much a thing as price inflation. I say this, and then I think if it's true. Here's the official charts for wage growth and price inflation:
They seem to imply that wage growth has been staying above 4% since 2021. I'm not sure I believe that.
Me either
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Is it means or medians? The mean tends to be pulled up by the spectacular growth of earnings for people in certain sectors
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The chart is from Statistia here.
They don't make it clear, but they link to this Atlanta Fed post that says medians.
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