Declining Real Wages: Is Your Purchasing Power Going Down?
Hello everyone and welcome to The Econs' Outlook. In this video we will be discussing real wages.
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Sources:
[1] Decline in Real Wages Hill Article: https://thehill.com/opinion/finance/557276-maybe-people-arent-returning-to-work-because-real-wages-have-declined-every
[2] CPI Graph: https://fred.stlouisfed.org/series/CPIAUCSL#0
[3] Average Hourly Earnings Graph: https://fred.stlouisfed.org/series/CES0500000003
[4] Labor Shortage Due to Government Paying People: https://www.realclearmarkets.com/articles/2021/05/25/capitalism_cant_fix_an_artificial_labor_shortage_778572.html
[5] Labor Shortage Due to Low Wages: https://www.businessinsider.com/labor-shortage-unemployment-benefits-america-reopening-rethink-work-employment-wages-2021-5?op=1
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