Data from the Economic Innovation Group's (EIG) Distressed Communities Index shows that as of 2023, local economies across America still hadn't fully recovered from the effects of the COVID-19 pandemic.
Average pay has actually gone up faster than inflation over that last year, and over the last four years, but that doesn’t mean it’s reached everyone. There was a two year period in the middle where inflation outpaced wages, but that effect was outdone by the other two years.
Average pay has actually gone up faster than inflation over that last year, and over the last four years, but that doesn’t mean it’s reached everyone. There was a two year period in the middle where inflation outpaced wages, but that effect was outdone by the other two years.