Illusion of Prosperity: Peak Manufacturing Pay

Monday, June 18, 2012

The following chart shows the inflation adjusted average hourly earnings of production and nonsupervisory manufacturing employees (May 2012 dollars).

Click to enlarge.

Real hourly earnings are currently 12% below the peak hit in December of 1978.

Source Data:
St. Louis Fed: Real Manufacturing Hourly Earnings (May 2012 Dollars)

Anonymous said...: Not to worry--Uncle Benron has interest rates far below the peak of 1981 or so. Its what makes us our way of life SAFE!!; June 19, 2012 at 4:49 AM
Stagflationary Mark said...: Anonymous,

Bumper sticker idea:

Wage inconsistence? Borrow the difference!; June 19, 2012 at 3:18 PM

Illusion of Prosperity