“Average hourly earnings have been declining for more than a year as inflation has outpaced nominal wage gains. This is larger than any 12-month pre-pandemic decline since 1980*. VERY serious composition issues affecting the exact trajectory so PLEASE read next tweets too.
The first article you cite is only till October ’21 and 6 months can make a difference. I also agree with the claim of the second article you cite “Inflation is high, but wage gains for low-income workers are higher. For now”. This is equivalent to my claim saying: ‘More voters have seen their real wages go down than up (mostly in the lower income brackets)’. Indeed, the article you cite does say that real wages are down on average but lowest income workers might have seen small increases in real wages.
The most recent source for this i Jason Furman on Twitter in March:
The first article you cite is only till October ’21 and 6 months can make a difference. I also agree with the claim of the second article you cite “Inflation is high, but wage gains for low-income workers are higher. For now”. This is equivalent to my claim saying: ‘More voters have seen their real wages go down than up (mostly in the lower income brackets)’. Indeed, the article you cite does say that real wages are down on average but lowest income workers might have seen small increases in real wages.