Inflation Wipes Out Pay Increases for Most

“It’s a good time to be an American worker. Wages are climbing higher, and they’re expected to stay that way for years,” the Wall Street Journal reports.

“Employees can quit a job and likely find better pay elsewhere. Many companies are boosting salaries as they scramble to fill open positions.”

Washington Post: “But in an unexpected twist, the same strong economic recovery that is emboldening workers is also driving up inflation, leaving most Americans with less spending power than they had a year ago.”