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Thursday, March 28, 2024

How inflation has eaten into Americans’ average weekly pay in the past year

On paper, the average hourly wage Americans have earned has steadily climbed over the past year, from $30.76 to $32.36. But when inflation is taken into account, that increase seems to evaporate. According to the U.S. Bureau of Labor Statistics, Americans have effectively experienced a 12-month pay …

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