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Wages finally eclipse prior peak reached in 1972

MacroSavvy™
Wages of U.S. workers—adjusted for inflation—have finally eclipsed the peak reached in 1972.

The 1972 peak was eclipsed in 2020 partly because of the impact of the Covid-19 pandemic. Business boosted wages in the face of higher employee risks, with wages peaking in April 2020 but remaining above the 1972 mark in the months that followed.

Also note that:

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