US hourly wages would need to be 8.6 times higher to match 1970 purchasing power, underscoring how sharply inflation has eroded real earnings over time. The comparison, flagged by Andrew Lokenauth, highlights the long-run squeeze on workers’ buying power.
published
US hourly wages would need to be 8.6 times higher to match 1970 purchasing power, underscoring how sharply inflation has eroded real earnings over time. The comparison, flagged by Andrew Lokenauth, highlights the long-run squeeze on workers’ buying power.
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