Real Wages Plummet as Inflation Hits the US Recovery | Mises Institute

Real Wages Plummet as Inflation Hits the US Recovery

Audio Mises Wire

Tags U.S. Economy

01/21/2022Daniel Lacalle

Friday's jobs report was weak, but the most alarming datapoint is that real wages are plummeting.

Original Article: "Real Wages Plummet as Inflation Hits the US Recovery"

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

Author:

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap (2017), The Energy World Is Flat (2015), and Life in the Financial Markets (2014).

He is a professor of global economy at IE Business School in Madrid.

Original Article:

How Easy Money Inflated Corporate Profits