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Inflation has eaten up nearly all the raises of the past two years

FinanceInternationalBusiness Insider20 s readAI summary
Image: Business Insider

According to Business Insider, inflation has absorbed almost all of the wage increases of the past two years. Average hourly earnings adjusted for inflation have fallen to about the level they were at when President Donald Trump took office for his second term. The claim refers to the average wage-earner, based on the latest statistics cited by the outlet.

Read the full story at Business Insider

IASummary generated by artificial intelligence from a story by Business Insider. It may contain errors: the original source prevails.

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