No. Wages Have Barely Risen From 3 Decades Ago

Summary


ANOTHER Labor Day is here and American workers are still waiting for something to celebrate. How about a wage increase?

Well, the average real wage today is just where it was nearly five years ago, in December 2002, despite the fact that our economy and productivity have been growing the whole time.

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No. Wages Have Barely Risen From 3 Decades Ago

In fact, wages are barely above where they were more than three decades ago: from 1973-2006, the average wage, adjusted for inflation, grew by a grand total of one-half percent.

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