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)
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!!
ReplyDeleteAnonymous,
ReplyDeleteBumper sticker idea:
Wage inconsistence? Borrow the difference!