- The average American got a real pay cut of almost 4% in the last year — despite all the hype about the Great Resignation and labor shortage. Workers' nominal wages climbed a record 4.5% in the past year, but sky-high inflation has eaten away those gains. https://www.businessinsider.com/inflation-overpowered-wage-growth-americans-losing-buying-power-labor-shortage-2022-4 128 comments economy
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