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WAGES and WAGE GROWTH
Do
You Get a Fair Pay? Check your salary What
are you worth?
Who
Earns What? Alberti, Remapping
Debate 1/14 [compare wage levels across 800 occupations].
Real
Earnings in May 2015, BLS June 18,
2015 "Real average hourly earnings for all
employees decreased from April to May, seasonally
adjusted, the. U.S. Bureau of Labor Statistics reported today.
This result stems from a 0.3 percent increase in average hourly
earnings being more than offset by a 0.4 percent increase in the Consumer
Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased by 0.1% over the
month due to the decrease in real average hourly earnings
and no change in the average workweek.
Real average hourly earnings increased by 2.2 percent,
seasonally adjusted, from May 2014 to May
2015. This increase in real average hourly earnings,
combined with no change in the average workweek, resulted in a
2.3 percent increase in real average weekly earnings over this
period." [emphasis added-jz]
The missing puzzle piece of the global economic recovery is finally falling into place, Bird 6/15
Raising America's Pay,
EPI;
Raising America's Pay: Why It's Our Central Economic Policy Challenge,
Bivens et al, EPI
5/14
FamilyBudget
Calculator, EPI
A
Decade of Flat Wages? Rios-Avila & Hotchkiss, Levy P 2014/4,
6/14
Employees’
Pay in U.S. Is Smaller Slice of Income Pie 7/14
Minimum
Wage Laws in the States - January 1, 2013 (en español)
Wage
Data from State of Working America, EPI, Mishel et
al
Assessing
the Job Polarization Explanation of Growing Wage Inequality,
Mishel et al, 1/13
Going
Nowhere: Workers' Wages Since the Mid-1970s,
TCF, 1/13
The
10-Year Decline in Wages for Most College Graduates,
Mishel, EPI, 10/12
Unionization
Substantially Improves the Pay&Benefits of Latino Workers
en
español
Vast
majority of wage earners are working harder, and for not much
more, Mishel 1/13
Usual
Weekly Earnings of Wage and Salary Workers First Quarter 2015
BLS, April 21, 2015 "Median weekly earnings of the
nation's 107.2 million full-time wage and salary
workers were $808 in the first quarter of 2015 (not seasonally
adjusted). This was 1.5 percent higher than a year earlier, compared
with a decline of 0.1 percent in the Consumer Price Index for
All Urban Consumers (CPI-U) over the same period....Women had
median usual weekly earnings of $730, or 81.6 percent of the $895
median for men. ....Among the major race and ethnicity groups,
median weekly earnings for black men working at full-time jobs
were $694 per week, or 75.6 percent of the median for white men
[$918). ....median earnings of Hispanics who worked full time
($590) were lower than those of blacks ($650), whites ($835),
and Asians ($966)." [emphasis added-jz]
Median
earnings for full-time male workers in 2013: $50,033
Median earnings for full-time male workers in 1973: $52,421 [2013
dollars] BLS, 1973 is the peak earnings year. For
full-time women workers, the peak is 2007.
Basic
family budget calculator, What
Families Need to Get By: 2013 Update,
EPI 7/13
SOURCE: Leonhardt, http://www.nytimes.com/2007/01/28/weekinreview/28leon.html
"In the past three years...shop-happy consumers,
cheerfully determined to live beyond their means, leaned a lot
more heavily on borrowings ($675 billion of non-mortgage debt)
than paychecks ($530 billion) to cover the $1.3 trillion increase
in their spending." .Source for charts: Stephanie Pomboy,
MacroMavens, via Alan Abelson, Barron's, April 25, 2005;
Abelson quoted in http://bigpicture.typepad.com/comments/
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