The truth about workers' pay growth is hard to find.
Share on linkedin Do you make more money now than you did before the pandemic?You might think you know the answer about your own pay, but there is little consensus on how American workers' overall real wagesfrom the Hamilton Project at the Brookings Institution.
"There's no clear way of measuring pay for workers. And no quote-unquote 'right' way to measure inflation," says Chloe East, an economist and visiting fellow at the Hamilton Project, who coauthored the report.At the macro level, perceptions of wage gains contribute to the general economic vibe. The Biden administration sees it as a metric to message as positive heading toward an election year, for example.
Total compensation sums the pay of all workers, including those who are unemployed — it dropped a lot in 2020 when unemployment soared.
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