Jan 16, 2023

Wages aren’t keeping up with inflation, hitting low-income workers the hardest

Elijah Nouvelage/AFP via Getty Images

Wages aren't keeping up with increasing prices, according to new data on wage growth. That's meaning economic hardship across the board, especially in low-income households that have costs for essentials skyrocket. That disparity between wages and prices is also affecting workers of color more, due to having lower savings rates and fewer liquid assets on average. And, Mexico has passed a new ban on smoking in all public places.

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Workers of color are being hit by slowing wage growth

Marketplace’s Justin Ho reports.

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Why your paycheck isn't keeping up with inflation

by Nancy Marshall-Genzer

Jan 16, 2023

The average paycheck lagged behind inflation in 2022, and the higher prices are hitting low-wage workers the hardest.

Recent data show that wages aren't growing at a fast enough rate to keep up with inflation, which impacts low-income workers the hardest.

Ed Jones/AFP via Getty Images

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