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> Wages and salaries of private-sector workers, rose 2.9% in June from a year earlier, matching the pace seen in the prior quarter. Adjusted for a 1.9% inflati

> Wages and salaries of private-sector workers, rose 2.9% in June from a year earlier, matching the pace seen in the prior quarter. Adjusted for a 1.9% inflation, the wages and salaries increase is a whopping 1%. So if you are making $ 100,000 / year (which is possibly a lot higher than most people, esp. non-techies are making), the annual increase is about $1,000. Take taxes away and it's about $600 to $700. Nothing to be bragging about IMO.

zajd 8y ago
I'm guessing a vast majority of that 2.9% wage growth is in the upper brackets anyways. https://fortunedotcom.files.wordpress.com/2017/09/income_change_2016.png https://fortunedotcom.files.wordpress.com/2017/09/income_cha... for reference from a few years ago, it would be shocking if things have changed
- TangoTrotFox 8y ago
  Usually for these things, I find going to the original source is much more informative than relying on the media. Here [1] is the report from the BLS. It does mention distribution. You can see it for each profession group here [2]. The group "management, business, and financial" saw a 2.5% increase. Sales and office occupations saw a 3.5% increase. Service occupations saw a 3.3% increase. "Accommodations and food service" saw a 3.1% increase. Anyhow, plenty of other information available as well but this definitely looks very good. [1] - https://www.bls.gov/news.release/eci.nr0.htm https://www.bls.gov/news.release/eci.nr0.htm [2] - https://www.bls.gov/news.release/eci.t05.htm https://www.bls.gov/news.release/eci.t05.htm
  - zajd 8y ago
    Sure, this is by profession group/sector, do they have statistics that are by income? ie what share of the increase went to each quintile, for example.
skrowl 8y ago
Financial accomplishment during Trumps admin? It's just crumbs! https://www.washingtontimes.com/news/2018/jan/11/nancy-pelosi-scoffs-at-crumb-bonuses-by-us-compani/ https://www.washingtontimes.com/news/2018/jan/11/nancy-pelos...
- dragonwriter 8y ago
  It's -0.1% real wage increase. The only reason the raw number is positive is because inflation is higher than it has been for a while. So, congratulations, Trump has accomplished inflation with nominal wage growth almost keeping up with it.
rgbrenner 8y ago
where did you get 1.9% inflation from? This indicates 2.9%: https://www.usinflationcalculator.com/inflation/current-inflation-rates/ https://www.usinflationcalculator.com/inflation/current-infl... And if you use the constant dollar report from the bls, it says wages decreased by -0.1% (for all civilian workers): https://www.bls.gov/web/eci/ecconstnaics.pdf https://www.bls.gov/web/eci/ecconstnaics.pdf So according to the BLS, you've actually overstated the increase.. there was no increase in inflation adjusted pay.
- gimmeThaBeet 8y ago
  Core PCE (ex-food and energy) was 1.9% https://fred.stlouisfed.org/series/PCEPILFE https://fred.stlouisfed.org/series/PCEPILFE Core CPI was 2.2% (this is usually what the fed prefers) https://fred.stlouisfed.org/series/CPILFENS https://fred.stlouisfed.org/series/CPILFENS I got 2.8% for CPI total (it looks like this is what your website is using) https://fred.stlouisfed.org/series/CPIAUCSL https://fred.stlouisfed.org/series/CPIAUCSL
posixplz 8y ago
> Nothing to be bragging about IMO. Agreed. For decades, wages have not outpaced inflation for the majority of workers. Don't expect the trend to reverse any time soon. http://www.pewresearch.org/fact-tank/2014/10/09/for-most-workers-real-wages-have-barely-budged-for-decades/ http://www.pewresearch.org/fact-tank/2014/10/09/for-most-wor... https://www.epi.org/nominal-wage-tracker/ https://www.epi.org/nominal-wage-tracker/

zajd 8y ago

I'm guessing a vast majority of that 2.9% wage growth is in the upper brackets anyways. https://fortunedotcom.files.wordpress.com/2017/09/income_change_2016.png https://fortunedotcom.files.wordpress.com/2017/09/income_cha... for reference from a few years ago, it would be shocking if things have changed

TangoTrotFox 8y ago
Usually for these things, I find going to the original source is much more informative than relying on the media. Here [1] is the report from the BLS. It does mention distribution. You can see it for each profession group here [2]. The group "management, business, and financial" saw a 2.5% increase. Sales and office occupations saw a 3.5% increase. Service occupations saw a 3.3% increase. "Accommodations and food service" saw a 3.1% increase. Anyhow, plenty of other information available as well but this definitely looks very good. [1] - https://www.bls.gov/news.release/eci.nr0.htm https://www.bls.gov/news.release/eci.nr0.htm [2] - https://www.bls.gov/news.release/eci.t05.htm https://www.bls.gov/news.release/eci.t05.htm
- zajd 8y ago
  Sure, this is by profession group/sector, do they have statistics that are by income? ie what share of the increase went to each quintile, for example.

skrowl 8y ago

Financial accomplishment during Trumps admin? It's just crumbs! https://www.washingtontimes.com/news/2018/jan/11/nancy-pelosi-scoffs-at-crumb-bonuses-by-us-compani/ https://www.washingtontimes.com/news/2018/jan/11/nancy-pelos...

dragonwriter 8y ago
It's -0.1% real wage increase. The only reason the raw number is positive is because inflation is higher than it has been for a while. So, congratulations, Trump has accomplished inflation with nominal wage growth almost keeping up with it.

rgbrenner 8y ago

where did you get 1.9% inflation from? This indicates 2.9%: https://www.usinflationcalculator.com/inflation/current-inflation-rates/ https://www.usinflationcalculator.com/inflation/current-infl... And if you use the constant dollar report from the bls, it says wages decreased by -0.1% (for all civilian workers): https://www.bls.gov/web/eci/ecconstnaics.pdf https://www.bls.gov/web/eci/ecconstnaics.pdf So according to the BLS, you've actually overstated the increase.. there was no increase in inflation adjusted pay.

gimmeThaBeet 8y ago
Core PCE (ex-food and energy) was 1.9% https://fred.stlouisfed.org/series/PCEPILFE https://fred.stlouisfed.org/series/PCEPILFE Core CPI was 2.2% (this is usually what the fed prefers) https://fred.stlouisfed.org/series/CPILFENS https://fred.stlouisfed.org/series/CPILFENS I got 2.8% for CPI total (it looks like this is what your website is using) https://fred.stlouisfed.org/series/CPIAUCSL https://fred.stlouisfed.org/series/CPIAUCSL

posixplz 8y ago

> Nothing to be bragging about IMO. Agreed. For decades, wages have not outpaced inflation for the majority of workers. Don't expect the trend to reverse any time soon. http://www.pewresearch.org/fact-tank/2014/10/09/for-most-workers-real-wages-have-barely-budged-for-decades/ http://www.pewresearch.org/fact-tank/2014/10/09/for-most-wor... https://www.epi.org/nominal-wage-tracker/ https://www.epi.org/nominal-wage-tracker/