4 ms·
>Wage growth has been largely absent for many people in the 12 years since the crisis, Median real household income [1] since the bottom of the crisis has rise
by ChrisLomont 6y ago
>Wage growth has been largely absent for many people in the 12 years since the crisis,
Median real household income [1] since the bottom of the crisis has risen over 20%.
Median real personal income [2] is up over 15% over the same time (a younger demographic).
If you dig more you find similar income gains across every quintile and breakdown. The vast majority of groups from what I can find have seen decent wage growth.
Which group and how large is it that has largely absent wage growth? Citation?
[1] https://fred.stlouisfed.org/series/MEHOINUSA672N https://fred.stlouisfed.org/series/MEHOINUSA672N
[2] https://fred.stlouisfed.org/series/MEPAINUSA672N https://fred.stlouisfed.org/series/MEPAINUSA672N