www.zerohedge.com BY TYLER DURDEN
Despite the biggest increase in average hourly wages for production and non-supervisory workers in 40 years, these people are actually worse off.
Why?
Rising prices are eating up their income gains.
Year-over-year, average hourly wages for production and nonsupervisory employees were up 6.7% in March, according to Bureau of Labor Statistics data. Other than the lockdown distortions in April and May of 2020, this was the biggest gain since 1982.
