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Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

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Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Improved policies could boost purchasing power for U.S. households

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Thursday, January 18, 2024   

It is a neck and neck race in the U.S. between consumer prices and wages allowing the typical worker to keep up.

Economic data show consumer prices have increased 20% since the fourth quarter of 2019 while wages have grown by 23%. Findings from the Center for American Progress showed late last year, nearly six in 10 workers were earning higher annual wages, when adjusted for inflation, than the year before.

Brendan Duke, senior director for economic policy at the Center for American Progress, said real wage growth means a lot more people have purchasing power, even if consumer prices have been stubbornly high, and it appears to be benefiting those who need it the most.

"Low-wage workers have actually been doing the best over the last year or two," Duke reported. "They've seen the strongest wage growth."

In general, New Mexico has a lower labor force participation rate than the national average, regardless of age, sex, race and ethnicity, or veteran status. A November 2022 analysis by the New Mexico Legislative Finance Committee found nearly one-quarter of New Mexicans are of working age but not employed.

Duke pointed out further addressing family expenses like child care costs and housing affordability could benefit workers and affect their take-home pay.

"They don't show up in the wages," Duke noted. "But when you compare your income and your costs, reducing those costs can obviously make a huge difference."

The analysis showed coming out of the pandemic, real wage growth for the average worker was the second-fastest since 1980. The New Mexico legislative report found access to affordable health care raises labor supply and supports workers' performance.


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