Inflation is wiping out wage gains, even in hot economyPlay
Inflation slowed slightly last month, according to the latest data from the Labor Department, from 8.5% to 8.3%. But prices are still way up compared to last year and few workers are getting an 8% raise to keep pace.
Here & Now's Peter O'Dowd speaks with Diane Swonk, chief economist at Grant Thornton LLP.
This segment aired on May 12, 2022.