Wages not keeping up with inflation

Published On: November 3rd, 20220.4 min readCategories: Covid-19, Featured, Latest Headlines, Local News, News

Wages are not keeping up with inflation. St. Cloud State University Economist King Banaian says the latest ADP report, which processes paychecks, shows:

“Wages went up 7.7% which sounds great until you realize that prices went up 8%. We are still losing a little right? The average worker  is still losing something.”

Banaian believes consumer prices for goods will continue to rise for the next three to four months before leveling off.

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