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CoinDesk 20 Performance Update: #Polkadot ($DOT) $ROSE 5.2%, Leading Index Higher

For much of the post-pandemic period, U.S. wages did not keep pace with rising inflation, leading to a decrease in purchasing power for many workers. However, recent economic data suggests that the trend of real wage stagnation may be changing, though it affects different demographic groups unevenly. Factors contributing to wage stagnation The initial inflationary shock: The surge in inflation that began in 2021 was quick and unexpected, outpacing wage growth across many sectors. Lagging wages: Historically, wages have often lagged behind inflation, especially during periods of high price volatility. For instance, a pay raise in 2022 may have been based on cost-of-living adjustments from a few years earlier, failing to account for the actual jump in inflation. Declining productivity: Weak labor productivity growth in the post-pandemic era also dampened overall wage increases. Slow wage negotiations: In some industries, multi-year collective bargaining agreements meant that workers were locked into wage rates that did not keep up with inflation. Employer behavior: In general, companies pay employees the minimum amount needed to remain competitive. During inflationary periods, companies will raise prices to cover higher costs, rather than cutting into their profits to raise wages. Evidence of wage stagnation and recent trends A recent study finds that: Real (inflation-adjusted) wages for workers in the 10th and 50th percentiles stagnated or fell between 1979 and 2019, while wages for the top 10% of earners increased significantly. Wage growth now outpacing inflation: Data from the Bureau of Labor Statistics indicates that median wage growth began to exceed the inflation rate between July 2023 and July 2024. During that period, median wages grew by 4.0% while inflation rose by 2.9%. Differing impacts: Despite the overall positive trend, this growth has not been universal. Wage growth continues to vary by demographic group, and some jobs are still falling behind. How real wages are measured Economists analyze real wages to determine if pay is keeping up with the rising cost of living. Real wages are calculated by adjusting nominal wages for inflation. A basic formula is: Real Wage = (Nominal Wage / Consumer Price Index) x 100.

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