Inflation Erases Real Hourly Pay Gains Since Trump Took Office
Inflation ran above forecasts as gasoline and other essentials rose, leaving average wage gains nearly wiped out over the past two years, economists said.
4 Articles
4 Articles
If you've gotten a raise in the past two years, it's now been nearly all eaten away by inflation
Getting a job is the important part, as these job seekers might attest. But getting a raise is also a big deal: For many workers, the raises they've gotten over the past couple of years have now been wiped out by inflation. Allison Joyce/Bloomberg via Getty Images Have you gotten a raise over the…
Since President Donald Trump began his second term, Americans have seen no increase in real wages, according to data released Wednesday by the U.S. Bureau of Labor Statistics. From January 2025 to September 2026, both prices and average hourly earnings rose by about 5.4%. In addition, average hourly earnings in real terms fell by 0.5% from August to September, according to the data released Wednesday, as inflation, fueled by the recent sharp ris…
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