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How much will US wages increase in 2023?
Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I’ll post thoughts on those in the newsletter (others like GDP and employment will be on this blog). I'm adding some thoughts, and maybe some predictions for each question. 7) Wage Growth: Wage growth was strong in 2022 (up 5.1% year-over-year as of November). How much will wages increase in 2023? The most followed wage indicator is the “Average Hourly Earnings” from the Current Employment Statistics (CES) (aka ... (full story)