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In reply to the discussion: Wages have dropped nearly 8 percent since 2006 [View all]ProSense
(116,464 posts)54. I don't think
"This 8% drop looks permanent. I'm afraid what the next recession is going to do."
...it is. In fact, the source of the information is PayScale. Here is what information shows.
Since 2006, wages have risen 7.4 percent overall in the US. But when you factor in inflation, "real wages" have actually fallen 7.7 percent.
http://www.payscale.com/payscale-index/real-wage-index
http://www.payscale.com/payscale-index/real-wage-index
There has been growth, but it hasn't kept pace with inflation. This isn't unusual coming out of a severe economic crisis.
The wage growth has been upward, but uneven.
http://www.payscale.com/payscale-index/
A more robust recovery and other factors will help to improve wage growth and bring it back in line with pre-recession trends.
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So far as I can tell, other than more free trade and tax cuts our party has never had a plan...
Demo_Chris
Apr 2014
#2
Stock market is pushing record highs....The "suck" is for the wage earners..
Jesus Malverde
Apr 2014
#11
It says right there the 20% rate is an exception if this happens or that
Jesus Malverde
Apr 2014
#44
it's like they feel their sole job is to shield Obama from anything and everything
Skittles
Apr 2014
#52
Considering the games they play with the long term unemployed statistically removing them from the
Jesus Malverde
Apr 2014
#39
Dems may pretend things are getting better, but pretty soon people will be looking for answers...
reformist2
Apr 2014
#37
This 8% drop looks permanent. I'm afraid what the next recession is going to do.
reformist2
Apr 2014
#42
The technological revolution is a very real phenomena on the scale of the first industrial rev.
Jesus Malverde
Apr 2014
#51
Exactly. I think the internet and then real estate bubbles hid the damage being done to regular jobs
reformist2
Apr 2014
#53
The talk was the transition from "manufacturing" to the "service economy"
Jesus Malverde
Apr 2014
#56