Pay Raises Beat Inflation for First Time in 2 Years. Is the End in Sight?
The Motley Fool
JULY 18, 2023
Image source: Getty Images What happened Real average hourly earnings -- wages adjusted for inflation -- increased 1.2% year on year in June. The hourly wage in June 2023 was $11.05, up from $10.92 the year before. According to The Wall Street Journal , it's the second month running where inflation hasn't wiped out average wage gains. So what High living costs have put a big dent in people's budgets in the past few years.
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