First Look: How real were those wage gains?

Founders: Real wages are essentially flat or down since the Biden administration took office in early 2021

“This apparent robustness in real wages may be misleading. By all our measures, real wages are essentially flat or down since the Biden administration took office in early 2021”

1. The Atlanta Fed wage tracker omits workers who found jobs in the past year, a likely source of sampling bias

2. Chained CPI is likely better than PCE for real inflation

   -The chained…