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Historical Salaries

Despite all of the talk about “progress” in the United States, one fact that is rather sobering is the average real wage of American workers.  We are not better off than we were in 1970.

Stagnant growth in real income

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  1. MorallyBankrupt says

    It’s even more outrageous when you look at the changes by quintile instead of the mean (which hides changes in distribution) Here’s a look at HH-income by quintile in chained 1967 $s:

    I know it’s not the same as hourly wage, but it should give you a pretty good idea of how that fared. I’m on vacation right now, but once I get home I’ll try to see if I can do the same for hourly wages by quintile over time

  2. harper says

    Recall in 1970’s during Carter’s administration that interest rates were up to 18 %, inflation was out of site, gas lines for expensive gas, etc. Wages had to be higher than just to eat. Your comment is very misleading. Take out that little peak and you will see we’re just as well off as before

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