If you've gotten a raise in the past two years, it's now been nearly all eaten away by inflation

Getting a job is the important part, as these job seekers might attest. But getting a raise is also a big deal: For many workers, the raises they've gotten over the past couple of years have now been wiped out by inflation. Allison Joyce/Bloomberg via Getty Images Have you gotten a raise over the past couple of years? Inflation has likely eaten it away. Inflation-adjusted hourly earnings, which had risen after Donald Trump first took office, are now declining. And there are ominous signs that inflation could get worse. If you've gotten a raise over the last two years, almost all of those gains have now been eaten by inflation. That is, if you're the average wage-earner, considering the latest statistics released this week showing that prices were rising at a faster clip than expected. It's more evidence that affordability challenges in the US economy aren't going away.