UCLA Luskin Urban Planning Professor Chris Tilly spoke to CNBC in a story about the trend in real earnings — the net growth in worker’s wages after inflation — in the U.S. over the past year. According to data from the U.S. Bureau of Labor Statistics, the average worker in the private sector saw an increase in real hourly earnings from May 2023 to May 2024. “The last year of increases in real wages is a large and important step forward for working families,” said Tilly, who studies labor markets and public policies directed toward better jobs. Tilly also commented in a Spectrum News 1 story about U.S. job growth during the current presidential administration. “The economy started out in a hole due to the pandemic when President Biden assumed the presidency, and so part of the process was getting out of that hole,” he said. “That’s a lot of jobs to create.”