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Mike Konczal highlights concerns over falling real wages as reported by the Bureau of Labor Statistics. He also points out that real incomes, according to the Bureau of Economic Analysis, are declining because of reductions in health care subsidies for families.
Konczal previously called attention to an inflation report that raised concerns extending beyond shelter costs. He has also argued that 2020 U.S. unemployment insurance contributed to major gains in wages and productivity. These earlier observations provide context to his current discussion of falling real incomes and wages.