Americans’ hourly wages rose an average of 4% in June, outpacing the current 3% rate of inflation.
WSJ economics reporter Amara Omeokwe joins host J.R. Whalen to discuss why that doesn’t necessarily mean more spending power for consumers.
0:00 Wage growth ahead of inflation
0:55 Changes in wage growth
1:27 The labor market
2:30 Why prices are still rising
4:12 Wage gains and potential recession
Your Money Briefing
WSJ’s personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.
For more episodes of WSJ’s Your Money Briefing: https://link.chtbl.com/WSJYourMoneyBriefing
#Wages #Inflation #WSJ