Economics

Inflation Eats at Surging U.S. Pay With Biden Plans at Stake

Workers earning more are also paying more for everyday items
Wages, prices may shape path of $4 trillion in proposals

WATCH: Fed Governor Christopher Waller says tapering could start earlier than originally thought.(Source: Bloomberg)

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By Katia Dmitrieva

June 30, 2021 at 6:00 AM UTC

Updated on

June 30, 2021 at 1:04 PM UTC

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Americans are enjoying outsized pay boosts this year from desperate employers, but the raises are failing to keep pace with surging prices for everyday goods.