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TURLOCK: San Joaquin Valley’s economy is improving, but wages aren’t keeping pace with inflation | Local News | Modesto Bee:
"More troubling, however, are Soydemir’s findings that Valley workers are losing ground economically because inflation is rising faster than incomes. “Valley residents realized a decline in their purchasing power when inflation registered more than the growth in average weekly wages,” he wrote in his San Joaquin Valley 2014 Business Forecast Report.
During the past year, Valley wages increased a “very negligible” 0.08 percent, while inflation pushed up prices 1.59 percent, Soydemir calculated. His projections for the future aren’t much brighter, as he expects Valley wages to increase 0.82 percent from 2014 to 2015."
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