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Wages Stuck as Inflation Rises | Anchorage News

Wages Stuck as Inflation Rises | Anchorage News

Published 3 weeks, 1 day ago
Description

Wages are barely keeping up with inflation—both at 3.5%—leaving most workers no better off than last year. A brief June reprieve, fueled by falling gas prices, gave real buying power a 0.8% boost—the biggest monthly gain in over a year. But that’s small consolation: essentials like milk and beef are soaring, and gas prices are creeping back up. For those stuck in low-paying jobs without room to negotiate, the math is brutal: inflation outpaces pay, and job-hopping is at a 2020 low. The result? A growing sense of economic injustice—while some see wealth grow, others can’t afford basics, revealing just how uneven the playing field has become.

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