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Opinion

Real Wages Plummet as Inflation Hits the Job Recovery

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Real Wages Plummet as Inflation Hits the Job Recovery
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Jan. 7, 2022. Markets fell slightly in morning trading as investors reacted to a government jobs report showing that the U.S. economy added far fewer jobs than expected in December. Spencer Platt/Getty Images
Daniel Lacalle
|Updated:
Commentary
The U.S. December jobs report shows that the labor market remains weak.
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Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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