Wages are falling due to inflation

There’s a beautiful chart that a Reddit user developed that shows how inflation has exceeded wage growth. Essentially, even though wage growth is still occurring, inflation is nullifying that growth, which means costs of goods and services are rising faster than wage gains. We cover this in our podcast episode “Inflation and the Paradoxical Pay Raise.”

Check out the moving chart at Reddit. It’s quite beautiful: reddit.com/r/dataisbeautiful/comments/suqj9n/oc_us_wages_are_now_falling_in_real_terms/