Americans are getting smaller pay raises as inflation ticks up
Americans are getting smaller pay raises while tariffs and higher gas prices are threatening to make everything more expensive. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Translation: The affordability problem isn’t improving. New government data released Friday showed non-supervisory workers getting a 3.4% pay raise on average hourly earnings over the last year. That’s the slowest pace of wage gains since 2021, and a downshift from the last two years, when pay bumps were closer to 4%. The slowdown comes as economists worry about rising inflation, with the Iran war choking off oil tankers and pushing gas prices up over $1 per gallon in just a month, to a national average of $4.09 on Friday. As diesel costs break $5.50 a gallon (compared to just $3.89 a month ago), retailers and grocers are now contending with higher transportation costs. Amazon said Thursday it will begin charging sellers a 3.5% “fuel and logistics-related surcharge” beginning on April 17. Airlines like United and JetBlue are raising bag fees in …




