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Are you adjusting for inflation? Most Americans haven't seen any real wage growth when adjusted for inflation since the 70's. If they have seen real income grow

• JumpCrisscross 8y ago
  > Are you adjusting for inflation? Yes. "Without adjusting for inflation, these 'nonsupervisory' workers saw their average hourly earnings jump 2.8 percent from last year. But that was not enough to keep pace with the 2.9 percent increase in inflation, which economists attributed to rising gas prices" [1]. > Most Americans haven't seen any real wage growth when adjusted for inflation since the 70's This is not true for people employed full time [2]. Real hourly wages for hourly nonfarm workers [3] are up. About the only people I can find who are earning less, in real terms, than they were in the 1970s are manufacturing workers, and even they are up over the last decade. [1] https://www.washingtonpost.com/news/wonk/wp/2018/06/15/for-the-biggest-group-of-american-workers-wages-arent-just-flat-theyre-falling/?utm_term=.216350778033 https://www.washingtonpost.com/news/wonk/wp/2018/06/15/for-t... [2] https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q [3] https://www.bls.gov/news.release/realer.t01.htm https://www.bls.gov/news.release/realer.t01.htm