During inflationary times, wages are ‘sticky,’

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from TPPF,

What to Know: Workers’ wages aren’t keeping up with inflation, the numbers say.
The TPPF Take: Inflation is here, and Biden administration policies will make it worse.

“During most inflationary times, wages are what economists call ‘sticky,’ meaning they generally rise more slowly than the inflation rate, resulting in a decline in the standard of living for workers,” says TPPF’s Chuck DeVore.

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