LogFAQs > #905820928

LurkerFAQs, Active DB, DB1, DB2, DB3, Database 4 ( 07.23.2018-12.31.2018 ), DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
Topic List
Page List: 1
TopicUS economy surges to 4.1 % growth rate in 2nd quarter, FASTEST pace since 2014 !
Thrillwell
07/27/18 3:48:42 PM
#53:


Antifar posted...
https://www.americanprogress.org/issues/economy/reports/2018/07/26/454087/gdp-growing-workers-wages-arent/

Outside of the very wealthy, virtually all working Americans income and standard of living is determined by wages. Unfortunately, wage growth has been at best mediocre for most of the last four decades. Since the Great Recession, nominal wage growth has been worryingly low, exceeding 2.5 percent only a handful of times through the end of 2017growing barely faster than inflation. But with the unemployment rate continuing to fall, many experts predicted workers were poised to finally see gains outpace inflation this year.

That hasnt happened. In fact, when adjusting for inflation, wages have actually fallen this year. Its not that wages havent ticked up at allthey have, in part due to increases in the minimum wage. But even with slightly faster nominal wage growth, workers have lost ground because inflation has picked up more than wage growth.


I feel like workers with a proper education are getting paid a lot more currently.
My wife and I both got higher salary now. I boosted twice this year due to yearly and contract design.
---
I have to return some video tapes.
... Copied to Clipboard!
Topic List
Page List: 1