standing in the grocery store, airline fares, and jet fuel prices and inflation and the high prices of the goods are outpacing wages in this country. and this has been the story for months now, katie. this latest report showed wages up 5.1%. that s year over year, the average hourly earnings. so this is not keeping pace with inflation. katie: compared to the inflation number, wage growth at a negative 3.6%, which means inflation is outpacing people s paychecks, certainly outpacing their paychecks and the problem for president biden, and democrats going forward, no solutions to the current economic environment that are not painful. inflation, of course, is very painful. fed gets more involved to raise rates even further, money is more expensive for people to borrow, means things like the housing market will slow more,
a bit of deja vu. here is more from some frustrated travelers. take a listen. look at the line. i mean, welcome to 2022, i guess. my sister is getting married and the reception was tomorrow but we re not going to make it. i get here to the airport just for our flight to be delayed, delayed, delayed. at about 11:30 last night the flight was canceled. reporter: and this summer airlines will continue to contend with bad weather, staffing shortages, and exorbitant jet fuel prices, one of the driving factors in what s making the cost of travel so high right now. the average roundtrip flight costs nearly $400 for the month of june. still, it s not stopping demand. we saw some 2.4 million passengers take to the skies on friday alone. tsa says that is a record for the year of 2022 and just shy of a pandemic high. the transportation secretary met with industry leaders last week