Viewpoints
Opinion

Inflationary Policies Are Destroying Wages

Inflationary Policies Are Destroying Wages
The likeness of Benjamin Franklin is seen on U.S. $100 bills, in Marple Township, Pa., on July 14, 2022. Matt Slocum/AP Photo
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Commentary

When we read about the U.S. economy, we often get wage growth as a signal of a strong labor market. It’s hardly a strong market when the labor participation rate and the employment-to-population ratio are both below February 2020 levels and have been stagnant for months.

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