Irish Exit
Verified User
your figures were wrong then and now. inflation is about 2.3% Wages are now up 2.9% and hopefully more.
* also quite a few sectors are more.
* also retiring boomers with higher wages are being replaced by millenials with lower wages -
- bringing down average wage growth.
* also "in kind" compensation is going up - but not reflected in wage growth.
* also tax cuts will be felt next year, but mean more take home pay now.
* also the number of jobs growth under Obama is about the same but higher paying jobs are increasing as well
July 2017 to July 2018 inflation and wages are both 2.9%. That is simply a fact. If a few sectors are more than a few sectors are less.