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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.

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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.