KPIX CBS Weekend News June 4, 2024 01:36:00
>> although wages are going up, real wages, wages adjusting for inflation, have been flat to down. and i think that will -- that will be a crimp on consumer spending this holiday season. >> reporter: with inflation impacting everything from groceries to gifts and other gadgets, the price spikes are now putting americans at a spending crossroads in the coming weeks. this week federal reserve chair jerome powell said the demand for workers far exceeds the supply of those available to work and that is for a multitude of reasons, including those who may beside lined because of covid-like symptoms ...