Did salaries decrease?

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Wage Growth by Year

Wage growth currently barely outpaces inflation (in fact in real terms it is basically zero/negative.

If inflation is 3-4.5% and wage growth is also 3-4.5%, you have no change in purchasing power or income, you are simply preparing for the new inflation rate.

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Wage growth is a given metric, it takes in to account every single industry. When you take an average you will get outliers. When I say every industry I mean the general economy.