Friday, August 19, 2011

Fact #10

Wage growth remains extremely low.

-         “Persistent high unemployment also hurts wage growth for workers with jobs…Wages not adjusted for inflation have grown 1.8% over the last year, well below the growth rate of 2.6% at he end of the recession…With inflation growing faster on average than wages since the end of the recession, real wages are lower now than when the recession ended.”

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