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)
4th Look at Local Housing Markets in April; California Home Sales Up 4.4%
YoY in April
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Today, in the Calculated Risk Real Estate Newsletter: 4th Look at Local
Housing Markets in April; California Home Sales Up 4.4% YoY in April
A brief excerp...
2 hours ago
2 comments:
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!!
Anonymous,
Bumper sticker idea:
Wage inconsistence? Borrow the difference!
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