06-15-2018, 11:56 PM
http://www.washingtonpost.com/news/wonk/wp/2018/06/15/for-the-biggest-group-of-american-workers-wages-arent-just-flat-theyre-falling/?utm_term=.65a79942f5bd
" one measure shows the value of wages has decreased for most American workers. (Jeff Swensen/Getty Images)
The average hourly wage paid to a key group of American workers has fallen from last year when accounting for inflation, as an economy that appears strong by several measures continues to fail to create bigger paychecks, the federal government said Tuesday.
For workers in “production and nonsupervisory” positions, the value of the average paycheck has declined in the past year. For those workers, average “real wages” — a measure of pay that takes inflation into account — fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.
This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America, according to BLS."
What is going to kick in faster? The trickle down? The higher interest rates? And/or inflation and a pending trade war?
I know one thing im happy about is the tariffs on whiskey. If i recall correctly from econ 101 increase in supply lowers the cost. So if the tariffs slow down whiskey exports... Fingers crossed for plummeting whiskey prices
" one measure shows the value of wages has decreased for most American workers. (Jeff Swensen/Getty Images)
The average hourly wage paid to a key group of American workers has fallen from last year when accounting for inflation, as an economy that appears strong by several measures continues to fail to create bigger paychecks, the federal government said Tuesday.
For workers in “production and nonsupervisory” positions, the value of the average paycheck has declined in the past year. For those workers, average “real wages” — a measure of pay that takes inflation into account — fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.
This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America, according to BLS."
What is going to kick in faster? The trickle down? The higher interest rates? And/or inflation and a pending trade war?
I know one thing im happy about is the tariffs on whiskey. If i recall correctly from econ 101 increase in supply lowers the cost. So if the tariffs slow down whiskey exports... Fingers crossed for plummeting whiskey prices
