In 2024, the national minimum wage in Ghana remained fixed at €35.9 per month, that is 431 euros per year, taking into account 12 payments per year. If we look at the minimum salary in Ghana cedi, which is the official currency in Ghana, we can see tha
That rate of increase was the highest in more than 27 years since January 1997. The Consumer Price Index, which is used to calculate real wages, for June also increased by 3.3 percent. However, the increase in nominal wages exceeded the rate of the increase in the CPI. As a result, rea...
Nevertheless, three comparisons can be drawn. Lenhart (2021) and Bullinger (2017) consider teen birth rates. Assuming 4.98 % inflation from Bullinger’s 2014 base year to Lenhart’s 2017 base year (using the CPI-U index), Bullinger estimates a $1 increase in the minimum wage would lead ...
The BLS publishes a monthly real earnings report, which can be helpful in keeping tabs on real wage rates. The July 2024 real earnings report, for example, shows the real average hourly earnings rate across all surveyed workers on privatenonfarm payrollsat $11.19 per hour—a 0.7% increase fro...
The latest CPI pulse indicates that inflationary pressures in the U.S. economy are continuing to ease, though prices remain above the Federal Reserve's 2% target. Still, the softer-than-expected inflationadds to the Fed’s argumentfor at least a 25 basis point hike. ...
Nowadays, core inflation remained high in various countries and in some cases was increasing. Why does salary increaselag behindinflation? 如今,各国的核心通胀率(即消费价格指数中剔除食品和能源价格变化之后的价格变化率)仍然居高不下,部分国家甚至还在上升。为什么工资增长会落后于通货膨胀呢?