Nominal wages are the currency amounts without any adjustment for inflation. Those will correlate with inflation because both increase over time. Real wages, which are adjusted for inflation, increase over time, meaning that nominal wages are increasing faster than inflation overall (though there can be a lag after high inflation).
That's looking at median weekly real earnings. You can find many time series with much more specific data by using the search bar. Just keep the nominal and real straight.
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Nominal wages are the currency amounts without any adjustment for inflation. Those will correlate with inflation because both increase over time. Real wages, which are adjusted for inflation, increase over time, meaning that nominal wages are increasing faster than inflation overall (though there can be a lag after high inflation).
https://fred.stlouisfed.org/series/LES1252881600Q
That's looking at median weekly real earnings. You can find many time series with much more specific data by using the search bar. Just keep the nominal and real straight.
Thanks for your answer. I don't fully understand real and nominal wages but it helped me in right direction.
NOTE: Top-level comments by non-approved users must be manually approved by a mod before they appear.
This is part of our policy to maintain a high quality of content and minimize misinformation. Approval can take 24-48 hours depending on the time zone and the availability of the moderators. If your comment does not appear after this time, it is possible that it did not meet our quality standards. Please refer to the subreddit rules in the sidebar and our answer guidelines if you are in doubt.
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