Real Wages Of American Workers Fell Sharply In August
As the inflation crisis that began under President Biden continues, the real wages of American workers fell sharply in August, according to a new report from the Bureau of Labor Statistics. “Real average hourly earnings for all employees decreased 0.5 percent from July to August, seasonally adjusted,” the report said. “This result stems from an increase of 0.2 percent in average hourly earnings combined with an increase of 0.6 percent in the Consumer Price Index for All Urban Consumers (CPI-U).” “Real average weekly earnings decreased 0.1 percent over the month due to the change in real average hourly earnings combined