Inflation Has Eaten Up Nearly 100 Percent of Hourly Wage Gains Since 1973
(Editor's Note: Inflation is theft. A little inflation is a little theft, and a lot of inflation is a lot of theft. There is nothing natural about inflation. The Federal Reserve is the only cause of inflation in the U.S.A., and a major cause of inflation throughout the world. Everyone involved with the Federal Reserve are thieves. The IRS is the collection agency for the Federal Reserve. They, too, are thieves. Not one in a hundred working there realizes it. But that hardly matters. We are talking about thousands upon thousands of thieves. No wonder we are in such a mess. - JSB)
Accounting for CPI inflation, wages for production and nonsupervisory workers is nearly the same today as February of 1973.
Production and Nonsupervisory Wage Details
Total Private Sector Wage Details
A soaring CPI had led to negative real earnings. The drop in purchasing power was steep in March of 2022.
For details and discussion of recent data, please see Real Hourly Wages Dive Again in March, Negative for 13 of Last 15 Months
For detailed discussion of the CPI, please see CPI Rips Higher to 8.5 Percent From a Year Ago, the Most Since 1981.
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