Average weekly and hourly earnings were up in May [1], though “real average hourly earnings for all employees decreased 0.5 percent from March to April, seasonally adjusted” [2].
Nominal wages being up rejects the hypothesis that folks are being downsized into lower-paying roles.
Nominal wages being up rejects the hypothesis that folks are being downsized into lower-paying roles.
[1] https://www.bls.gov/news.release/empsit.t19.htm
[2] https://www.bls.gov/news.release/realer.nr0.htm