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<blockquote data-quote="Jones" data-source="post: 3674557" data-attributes="member: 4805">Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated into greater prosperity for the middle and working classes.Cost of living was up 2.9 percent from July 2017 to July 2018, the Labor Department <a href="https://www.bls.gov/news.release/realer.nr0.htm" target="_blank">reported Friday</a>, an inflation rate that outstripped a 2.7 percent increase in wages over the same period. The average U.S. “real wage,” a federal measure of pay that takes inflation into account, fell to $10.76 an hour last month, 2 cents down from where it was a year ago.<a href="https://www.washingtonpost.com/business/2018/08/10/america-wage-growth-is-getting-wiped-out-entirely-by-inflation/?utm_term=.760addac1e8f" target="_blank">In U.S., wage growth is being wiped out entirely by inflation</a></blockquote>

[QUOTE="Jones, post: 3674557, member: 4805"] [I]Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated into greater prosperity for the middle and working classes. Cost of living was up 2.9 percent from July 2017 to July 2018, the Labor Department [URL='https://www.bls.gov/news.release/realer.nr0.htm']reported Friday[/URL], an inflation rate that outstripped a 2.7 percent increase in wages over the same period. The average U.S. “real wage,” a federal measure of pay that takes inflation into account, fell to $10.76 an hour last month, 2 cents down from where it was a year ago.[/I] [URL='https://www.washingtonpost.com/business/2018/08/10/america-wage-growth-is-getting-wiped-out-entirely-by-inflation/?utm_term=.760addac1e8f'][SIZE=6][B]In U.S., wage growth is being wiped out entirely by inflation[/B][/SIZE][/URL] [/QUOTE]

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