The Phaserl


Five Ugly Decades of Middle-Class Wages in America

from Wolf Street:

Here’s a perspective on personal income for production and nonsupervisory private employees going back five decades. The Bureau of Labor Statistics has been collecting data on this workforce cohort since 1964. The government numbers provide some excellent insights on the income history of what we might think of as the private middle class wage earner.

The first snapshot shows the growth of average hourly earnings. The nominal data exhibits a relatively smooth upward trend.

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