Nominal Wage Tracker
'...Despite the incomplete nature of the recovery, influential voices are already calling for the Federal Reserve to guard against inflation by raising interest rates to slow the economy. The stakes in this debate are high. Macroeconomic policy (including monetary policy) that prioritized very low rates of inflation over low rates of unemployment is a key reason why real wages have stagnated for the vast majority of American workers in recent decades (as we have shown through our Raising America’s Pay initiative). Widespread wage growth will not occur over the coming years if the Federal Reserve prematurely slows the recovery in the name of fighting prospective inflation...'
Reference: Economic Policy Institute
Tags:
Notes: Real Estate and Medical are what's driving inflation. Primarily, medical related economics are what is harming the economy the most while having the greatest impact on low and middle incomes.
