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While true this is a very misleading response... Inflation growth rate has been significantly higher than wage growth rate for 2 years now (from march 2021 to march 2023 inflation growth rate has exceeded wage growth rate). You are correct however for the last month that wage growth rate for the first time in years has exceeded inflation growth rate by about 1%.
That said comparing the two is rather comical regardless as any statistician will tell you. because of the non-linear nature of percentages (a double bound value) that represent unbounded values (unemployed).. its a math thing. You can get a sense of what im saying by thinking about how the numbers behave on the outskirts. If you have every single person being unemployed and create just a single job in america then the wage growth rate would be infinite, despite being quite poor in terms of growth rate at just 1 out of 300 million or so increase.
