Commentary
For the average worker, prices rose faster than wages in nine out of 12 months last year.
Real means inflation adjusted.
An auto mechanic stands at a workbench at an automotive service in Louisville, Kentucky on Jan. 13, 2022. Jon Cherry/Getty Images
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Mike "Mish" Shedlock
Author
Mike Shedlock / Mish is a registered investment advisor for SitkaPacific Capital Management. On my “MishTalk” global economics blog, I write several articles a day on the global economy. Topics include interest rates, central bank policy, gold and precious metals, jobs, and economic reports, all from an Austrian Economic perspective.
