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Patrick RussoMay 3Dataset
1 like0 comments1 chart13 views1 download
Ratio of Average Hourly Earnings to CPI

Despite the highest inflation in 40-years, real wages are higher than pre-pandemic.

Real wages in March 2022, as calculated by the ratio of Avg. Hrly Earnings to CPI, is actually up 1.8% since Jan 2020!


Average Hourly Earnings are of Production and Nonsupervisory Employees, Total Private, which Paul Krugman used in his Jan 25th op-ed discussing the inflation narrative.


#economy #inflation #wages

Source: undefined
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Factle AppApr 29Dataset
1 like2 comments1 chart61 views2 downloads
Real Minimum Wages in OECD countries (2001-2020)

This dataset ranks OECD countries by their national minimum wage from 2001 to 2020. In 2020, Luxembourg and Australia had the highest minimum wages at $12.4 U.S. dollars an hour, once adjusted for purchasing power parity. Filter by country or year in the search bar of the dataset below to analyze wage changes over time.

#wages #oecd #trivia

Details at OECD

Source: OECD
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Patrick RussoApr 4Dataset
0 likes0 comments1 chart25 views0 downloads
CPI and Wages y-o-y

Year over year growth in CPI and Wages

Wages are Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private

and CPI is Consumer Price Index for All Urban Consumers: All Items in U.S. City Average

#economy #inflation #wages

Source: U.S. Bureau of Labor Statistics
author profile photo
Patrick RussoApr 4Dataset
0 likes0 comments1 chart8 views2 downloads
Ratio of Average Hourly Earnings to CPI

Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private, Jan 2020=100

over

Consumer Price Index for All Urban Consumers: All Items in U.S. City Average, Jan 2020=100

#economy #inflation #wages

Source: U.S. Bureau of Labor Statistics