Eric Morath

speaker

273 appearances 6 recordings 1 series first heard Sep 2017 last heard Sep 2020

Eric Morath’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Coronavirus Relief: Some Workers Make More Than on the Job · 29 Apr 2020 podcast

And that could help get things rolling a little bit faster in the economy than otherwise.

Sure.

Happy to join you.

WSJ Your Money Briefing · Real Wages Are Steady, But How Long Can Trends Last? · 26 Sep 2017 podcast

This is Your Money Matters from The Wall Street Journal.

Thanks for having me.

Yeah, so that's definitely where we're at.

We've seen 2.5% wage growth.

pretty much be the norm for the past two years, which is not bad, but it's certainly historically below average for this deep into an economic expansion.

But we saw a little bit of a different story when you adjust that small gain for inflation.

When you adjust for inflation, which has been historically low for the past five years, wages, inflation adjusted wages, what economists call real wages, have actually grown faster during this economic cycle since 2007 than in the

2000s, the 1990s, the 1980s, times where people say, hey, those are boom times.

Those are really good.

It's kind of interesting because in the 1980s, inflation adjusted wages fell, even though overall Americans, when you don't adjust them, your paychecks were going up quite a bit.

Sure.

So looking forward, though, that's an excellent question.

We are starting to see some creep up of gas prices and we're starting to see some other inflation and pressures potentially building.

But it's again, it's been

historically very, very mild compared to where we've been.

So if we see those pressures build more, that could be a drag on real wages unless, and we're seeing this in parts of the country,

you actually see paychecks increase.

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