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I'm looking for a chart re: Wages vs The cost of living

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Buddyblazon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-08-09 12:41 PM
Original message
I'm looking for a chart re: Wages vs The cost of living
Edited on Sun Feb-08-09 12:51 PM by Buddyblazon
Am I imagining things? I swear that I've seen a chart that showed wages haven't kept up with inflation.

Does anybody have a chart or a link to a chart showing this.


On edit:

I change my title to read Wages vs The cost of living...not inflation. Totally different.
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-08-09 12:43 PM
Response to Original message
1. Is this the one?
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Buddyblazon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-08-09 12:46 PM
Response to Reply #1
2. No...
It's been a while since I've seen it.

It's so vague in my mind now. It's been at least a year. Thank you though.
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Juche Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-08-09 12:49 PM
Response to Original message
3. Are you thinking of wages vs worker productivity?
Those charts are everywhere.
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Dreamer Tatum Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-08-09 12:50 PM
Response to Original message
4. Just go to BLS.gov and look for real wages..or google it
Your argument, as I predict it is, can be encapsulated within real wages alone, which have been stagnant for decades.
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snot Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-08-09 12:52 PM
Response to Original message
5. I think this article has one
http://www.nytimes.com/2006/08/28/business/28wages.html?_r=2&fta=y&oref=slogin

Click on the little chart to get a bigger, more detailed one.

You may need a subscription; not sure.
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lurky Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-08-09 12:55 PM
Response to Original message
6. Sounds like you are looking for "real wages",
Edited on Sun Feb-08-09 12:57 PM by lurky
wages adjusted for inflation. Here is a table I found:
http://www.workinglife.org/wiki/Wages+and+Benefits%3A+Real+Wages+(1964-2004)">table

The problem is, I really don't trust the government's inflation estimates. They are easy to manipulate, and many people believe they are vastly understating the amount of inflation we have experienced in the last few decades.

(edit: fixed link)
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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-08-09 12:57 PM
Response to Original message
7. One very easy way to look at it is:
If minimum wage had received the same COLA as SS for instance, what would minimum wage be today? COLAs are designed to just keep you even with inflation. I don't know the answer to my question, but I know others do - I just didn't want to throw an incorrect number out there.
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Whoa_Nelly Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-08-09 01:11 PM
Response to Original message
8. Hope these links help
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