MSNBC MSNBC Reports April 1, 2022 13:38:00
Wages, first of all, let me make one point. it's way better to have a job in which wages are maybe not going up relative to inflation than not to have a job. we have put 1.4 million people to work this year, almost half a million every month for nearly 13 months now. that's very important for people's ability to get by if they have a job. it is right that inflation is taking the better part of wage hikes away in terms of about a two percentage point gap, say, 7% or 8% inflation and 5% or 6% wage growth. that gap means wages are not keeping up with inflation. what has to happen is inflation has...