Press Releases

News from EPI NewsFlash: Workers’ earnings squeeze continues

Share this page:

Return to EPI Newsroom | Browse news by TOPIC | Browse archived news by DATE | Search archived news releases by KEYWORD

NewsFlash: May 14, 2008

Workers’ earnings squeeze continues

The Consumer Price Index for April, released today, adds a crucial piece to the puzzle of what’s been happening to workers’ paychecks.

EPI Senior Economist Jared Bernstein maps the forces at work behind today’s falling real hourly and weekly earnings in the context of today’s news. He concludes: “Workers’ wages are thus facing two pressures in the current job market: hourly and weekly wage growth that is not keeping up with inflation and diminishing weekly work hours.”

Click here for Bernstein’s Wage Watch spot analysis.
——————————————————————————–
For interviews or more information, contact the EPI Communications Department at 202-775-8810 or news@epi.org.

Click here for how to describe EPI.