When sky-high inflation pummeled Americans in 2022, the labor market was booming and wages were rising, softening the blow.
Now we're in a more vulnerable place.
Why it matters: With economists expecting tariffs to drive inflation, at least in the short-term, the concern is wages won't keep up, leading to lower incomes and real pain for many.
What they're saying: "The pinch from higher prices that we expect in coming months may hit harder than in the post-pandemic...
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