Sure wages per hour are rising, but the real cost of living is rising faster, even as actual hours worked are falling. The average work week dropped from 34.5 hours to 34.3 hours in Jan.

Sure wages per hour are rising, but the real cost of living is rising faster, even as actual hours worked are falling. The average work week dropped from 34.5 hours to 34.3 hours in Jan.

— Peter Schiff (@PeterSchiff) February 2, 2018