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Wage increases

Wage increases haven't really boosted inflation, new Fed research says

by Lily Jamali
May 31, 2023
Businesses have been finding ways to absorb wage increases without charging customers more.
Rising wages are only responsible for about a tenth of a percentage point of the increase in PCE, research from the San Francisco Fed says.
Justin Sullivan/Getty Images
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With salaries rising, how much do minimum wage increases matter?

by Savannah Peters
Jan 4, 2023
Private-sector wages are up about 5% over the past year. But gains guaranteed by government can't be lost during an economic downturn.
Workers in low-wage sectors like fast food have gained higher pay in the hot job market.
Brandon Bell/Getty Images
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