Workers' compensation is lower than it was in December 2019. Blame inflation
CNN
Companies big and small are raising wages to attract workers and hold onto employees as the economy revs back into gear. But those fatter paychecks aren't going as far, thanks to rising inflation.
But those fatter paychecks aren't going as far, thanks to rising inflation. In fact, compensation is now lower than it was in December 2019, when adjusted for inflation, according to an analysis by Jason Furman, an economics professor at Harvard University.
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