Are U.S. Workers Staying Ahead of Inflation?

Dr. Anthony Chan, Former Global Chief Economist for JPMorgan Chase & Current Bright Query Chief Economist

All U.S. Presidents often tell voters that their wages are growing faster than the pace of inflation. Still, a non-partisan data review reveals that inflation-adjusted average hourly earnings (RAHEs) for production and non-supervisory workers (accounting for about 80% of all workers) averaged +0.2% from 1965 to June 2023.  That suggests that RAHEs under…