US employees making .12 cents more per hr then back in '72 😮‍💨

Rampant inflation has been making headlines this year. But price levels have long been rising in this country — eroding the real wage of working Americans.

According to CNBC, American workers earned an average of $27.45 per hour in June 2022. Back in 1972, the same workers made an average of $3.88 an hour.

That’s serious wage growth right?

Not so quick. Those numbers are nominal wages that haven’t taken into account inflation.

When adjusted for inflation, American workers are earning just 12 cents more today than they did in 1972.

https://finance.yahoo.com/news/something-concern-us-us-workers-150000437.html