Typical Hourly Wage Went Up Just $1.23 In The Last 36 Years

http://thinkprogress.org/economy/2011/10/27/355082/chart-hourly-wage-36-years/

By Laura Pereyra on Oct 27, 2011 at 1:55 pm

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As noted by the Half in Ten Campaign’s new report, “Restoring Shared Prosperity: Strategies to Cut Poverty and Expand Economic Growth,” the hourly wage of a typical worker grew from $14.73 in 1973 to $15.96 in 2009, for a raise in real terms (after accounting for inflation) of $1.23 over 36 years. Yes, you read that right. Only $1.23, an 8.4 percent increase over the last 36 years.

Top earners, meanwhile, saw a gain of $12.70 per hour gain (30 percent) over the same time frame. The growing gaps between the wealthy and everyone else could not be more stark.

tags: income inequality
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