expat_panama
Gold Member
- Apr 12, 2011
- 3,899
- 814
- 130
Well, well, well! From the Federal Reserve
File:US Real Wages 1964-2004.gif - Wikipedia, the free encyclopedia
Great, we're getting somewhere. Actually, that's not a Federal Reserve link but rather a Wikipedia link but no matter because there were some fed links on the page and apparently what they call 'workers' are "Production and Nonsupervisory Employees" --select group. Let's go with it anyway, here's a link to my copy of the AHETPI wage data with the CPI and the adjustment, and here's the plot:
Not flat at all. Starts back in '64 at $18.08, soars 17% in just nine years, proceeds to loose a fourth by 1995. Right now now real wages are up 13% over that of the Clinton economic miracle. That's good, especially considering we're talking such a small select group without other compensation or income.
btw, let's skip Cathy Mulbrandon's blog, like I said we don't need some beltway hack to tell us what to think when we can think for ourselves.