Most Americans saw their real wages drop in 2021 — except for hotel and restaurant employees
US workers enjoyed the strongest wage gains in decades last year. For the vast majority, it wasn't enough to outpace inflation.in December. Prices for consumer goods and services soared 7% year-over-year, accelerating from the 6.8% pace seen the month prior. The pace reflects the fastest year-over-year price surge in nearly four decades and adds to a months-long streak of elevated inflation.
Only workers in the leisure and hospitality sector saw real wages — pay adjusted for inflation — grow through last year, Insider calculated. The group enjoyed a huge pay bump of 6.2% in 2021 after accounting for soaring prices. Hotels and restaurants were among the businesses hit hardest by the pandemic and related lockdowns.
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