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Wages really are growing faster than inflation
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Wages really are growing faster than inflation

A boon for workers, and for economic conspiracy theorists

Matthew Yglesias's avatar
Matthew Yglesias
Jun 26, 2023
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Wages really are growing faster than inflation
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It didn’t attract a ton of attention, but May of 2023 marked the first month since March of 2021 that annual wages rose faster over the past year than average prices,1 and it feels like a big deal to me.

Macroeconomists and central bank staffers have their reasons for downplaying the significance of this, which we’ll get to later. But for most people, I …

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