Numerous callers over the past few weeks mentioned that age increases are not really keeping pace with inflation. This is something mentioned significantly at the national level too. As a result I used the CPI to adjust the wage data from the post last (found here) week about wage comparisons to get a sense of the curve shapes after the adjustment. I put them all in terms of 200Q4 level. The adjustment is the same for the different regions so there is not added value in the comparison of the different regions really, it is more the comparison of the nominal and real values.
Real and Nominal Pay in Grand Forks County
So I exchanged text messages with a friend about local economic data last week, and they asked about the rate of inflation and wage gains and what was happening with that nationally and locally. Enough sources deal with the national picture that I decided to focus on the local picture for this post. I used the CPI (all urban consumers, national average), since that is what my friend discussed, to calculate the real value of annual pay for Grand Forks county.