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Salon
Salon
Politics
Nandika Chatterjee

Wages grow faster than inflation: report

Inflation Economic Policy Institute

The latest economic statistics out Friday show that wages are rising faster than prices, meaning the average worker has more purchasing power today than before Joe Biden became president.

"Hourly wages rose 4.1 from a year ago," the Associated Press reported, citing the numbers from the Department of Labor, "faster than the rate of inflation and more quickly than in April."

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