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James Pethokoukis states that prices are increasing more rapidly than wages, resulting in workers losing ground in the U.S.
The observation suggests that inflation is eroding the purchasing power of U.S. workers as their wages fail to keep up with rising costs.
Pethokoukis has previously examined how corporate tax cuts, AI deregulation, and energy policies could impact the U.S. stock market under a potential second Trump administration, according to his analysis of Trump market policies. He has also noted projections from JPMorgan suggesting that global corporate tech spending may reach the level of military budgets by 2027, as outlined in his report on global tech investment.