Is Your Paycheck Keeping Up With San Diego's Inflation? | Phillip Molnar, Brittany Meiling
If you have been working in San Diego County for the last decade and feel like you are in worse financial shape now, there might be a reason for that. Sluggish wage growth, exacerbated by rising housing costs, have eroded workers' buying power.Taking into account yearly inflation — which considers the cost of such things as housing, gasoline and food — overall wages in the county have increased just 2 percent from 2008 to 2018. That's according to an analysis by the San Diego Union-Tribune of data from the U.S. Bureau of Labor Statistics. Read more: https://www.sandiegouniontribune.com//business/economy/story/2019-08-30/san-diego-restaurant-workers-see-wages-climb
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Show Notes
If you have been working in San Diego County for the last decade and feel like you are in worse financial shape now, there might be a reason for that. Sluggish wage growth, exacerbated by rising housing costs, have eroded workers' buying power.Taking into account yearly inflation — which considers the cost of such things as housing, gasoline and food — overall wages in the county have increased just 2 percent from 2008 to 2018. That's according to an analysis by the San Diego Union-Tribune of data from the U.S. Bureau of Labor Statistics.
Read more: https://www.sandiegouniontribune.com//business/economy/story/2019-08-30/san-diego-restaurant-workers-see-wages-climb