US wage inflation remains stubbornly flat at 4.1% despite signs of a cooling labor market, with job switchers seeing the highest wage growth since November 2022, according to Atlanta Fed data.
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[Global Chart]Despite Cooling Labor Market, US Wage Inflation Remains Stubbornly Flat

US wage inflation remains stubbornly flat at 4.1% despite signs of a cooling labor market, with job switchers seeing the highest wage growth since November 2022, according to Atlanta Fed data.

Yonhap Infomax

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Workers’ Paychecks Are Growing More Quickly Than Prices

Most workers’ wages are growing more quickly than prices, and the economic recovery following the COVID-19 recession has featured historically strong real wage growth.

Center for American Progress

The most lasting legacy of #Covid may be its impact on work and #WageInflation: one in eight people say they plan 'no return' to pre-#pandemic activities, including #work. The number of hours people of all ages want to work plunged, and their attitude has also changed. #SocialMedia celebrates '#QuietQuitting' and 'acting your wage' — meaning do what you are paid for, and no more.

https://www.ft.com/content/4e5f3e36-cdab-4661-90e2-0c0d94a2100e

#EmployeeEngagement #WorkEnvironment via #FT

The world is not ready for the long grind to come

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Financial Times
General Strike in all but name is bad for both big parties · Maggie Pagano | UK Politics. The Tories and Labour will be hurt by the mass walk-outs ...
Our leaders must defuse a winter of discontent - Reaction
Our leaders must defuse a winter of discontent

No country can endure a seemingly endless period of deprivation and self-imposed austerity without something eventually breaking.

Reaction

Someone needs to explain to #Centralbanks & #economists the difference between nominal & real rises in #wages...

As Rana Foroohar points out today @FinancialTimes while there has certainly been #inflation in goods & fuel, compounding the long-tern inflation in assets, #workers wages even if rising in nominal terms have been falling in real terms related to living/housing costs... to claim #wageinflation is the problem is disingenuous at best & class-warfare at worst!