cover of episode The wages vs. inflation horse race

The wages vs. inflation horse race

2024/7/4
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Despite wage growth outpacing inflation, consumer sentiment is low due to variations in wage increases across industries and income levels, affecting spending power differently.

Shownotes Transcript

The May jobs report said wages had risen about 4% over 12 months, while inflation was 3.3% over the same period. Good news, right? Then why did consumer sentiment hit a 7-month low in June? In this episode, other wages-related measurements that might explain that economic pessimism. Plus, a Yale legislation-scoring group focuses on outcomes, and precision agriculture technology adoption is slow.