Justin Wolfers Warns Of 'Affordability Crisis' As Real Wages Fall For Sixth Straight Month
Top economist Justin Wolfers has warned of a growing “affordability crisis” as the newly released May CPI report reveals that “real wages” have been falling for six consecutive months, completely eroding worker gains in 2026. Shocks Batter Paychecks According to Wolfers, the latest inflation surge is a direct result of two “unhelpful supply shocks”: an escalating war pushing up energy costs and tariffs raising price…
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