The post-2009 period is not what a recession looks like,
-RW
Saturday, July 16, 2016
The Fed's Wage Growth Tracker
The Atlanta Fed's Wage Growth Tracker is a measure of the wage growth of individuals. It is constructed using microdata from the Current Population Survey and is the median percent change in the hourly wage of individuals observed 12 months apart.
The post-2009 period is not what a recession looks like,
-RW
The post-2009 period is not what a recession looks like,
-RW
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I think this graph should be complemented by median family income and perhaps consumer price index as well. I'm afraid this would make it look less glorious.
ReplyDeleteAt this rate some day in the far off future we might even return to that golden age when wages increased with productivity instead of increasing barely enough to offset inflation and the increasing costs to rent seeking business sectors.
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