Inflation reached a three-decade high in October as some workers saw their wages rise, particularly younger workers.
According to the Atlanta Fed’s Wage Growth Tracker, a measure of the nominal wage growth of individuals, workers in the 16-to-24 age range are seeing median wage growth accelerate much quicker than the rest of American workers, as seen below in the green line.
As of September 2021, the overall 12-month moving average of median wage growth increased by 3.6%. Those in the 25-to-54…
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