Wages grew 3.4% year over year, but inflation is eroding those gains, creating a tension between workers’ experience and the Federal Reserve’s perspective. Meanwhile, Campbell’s soup sees a boost from home cooks, the company behind Vimeo, AOL, and WeTransfer files for an IPO, and a former diplomat turns to restoring old movie theaters.
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Highlights
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Sluggish wage growth and the Fed’s viewpoint
Year-over-year wages grew by 3.4%, but inflation is eating away at those gains.