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State of Working America Wages 2019: A story of slow, uneven, and unequal wage growth over the last 40 years
Rising wage inequality and slow and uneven hourly wage growth for the vast majority of workers have been defining features of the U.S. labor market for the last four decades, despite steady (if too slow) productivity growth. In only 10 of the last 40 years did most workers see any consistent...www.epi.org
Just because you are doing well in the stock market, doesn't represent all of America.
That report looks at a 40 year trend. It acknowledges acceleration in wages in the time leading up to Covid. It also points out things like this, which speak to things moving in a positive direction:
- After suffering declines in the aftermath of the Great Recession, in 2019, for the first time, wages at all deciles of the black wage distribution exceeded their 2000 and 2007 levels.
- After widening for most years since 2000, the regression-adjusted black–white wage gap (controlling for education, age, gender, and region) has narrowed over the last year.
- For the first time in this recovery, workers with some college in 2019 just exceeded the 2007 “some college” wage level.
And of course, many of those trends are caused by factors outside the control of a sitting president. Notably the rapid increase in technology and how that has changed the employment landscape - whether that has to do with automation, high skill technical jobs, etc.