Wages for typical workers have been largely suppressed since the 1970s. The 10 charts below tell that story.
In the following 10 charts, we outline the historical context of workers’ wage trajectories since the 1970s. For most of those years, wages for the majority of workers were essentially stagnant. Two periods, the late 1990s and the last decade, saw decent wage growth, which kept cumulative wage growth since 1979 well above zero. But those years were the exception, not the norm. More importantly, even with those two periods, wages for typical workers lagged far behind productivity growth—meaning there was the potential for wages to rise far faster than they did. Had workers’ wages kept up with productivity, their annual earnings would have been roughly $30,000 higher. READ MORE

Quisque iaculis facilisis lacinia. Mauris euismod pellentesque tellus sit amet mollis.