Numbers show wage growth will not recover from inflation by years end

Episode Transcript

Speaker 1 (00:00):
The gap is shrunk, but inflation's still outpacing by over
three percent.

Speaker 2 (00:04):
There is still a gap, and it's going to take
a little bit more time before Americans paychecks fully recover
from the price burst after the pandemic.

Speaker 1 (00:12):
Sarah Foster of Bank Rates says, even though wages have
been rising the last sixteen months, it's not enough. But
it's not just inflation's doing the.

Speaker 2 (00:20):
Fact that this has gotten pushed back by two quarters,
that really doesn't actually have to do with inflation so
much as it has to do with the slowing job market.

Speaker 1 (00:29):
She says, only two industries never lost ground food service
and hospitality. Andre Parade News Radio seven point forty KTRH