Power & Market
Author:
Lucas M. Engelhardt
Online Publish Date:
Labor shortage “fun” fact:Inflation-adjusted weekly median earnings JUMPED in the 2nd quarter of 2020 (probably because so many low-wage workers got laid off), but have been steadily falling since then, and are now at the same level they were in the 4th quarter of 2019. Meanwhile if we don’t adjust for inflation, we see the same jump in the 2nd