Can you show that the data on #13 is false? It may be only three years but the trend has been going on since the mid-nineties. I've posted reputable links in the past to demonstrate that but you dismissed them. If you care to present facts that prove real wages are rising I'd like to see them.
Year | Less Than High School | High School | Some College | College | College Plus | College/ High School |
1973 | 11.22 | 12.82 | 14.16 | 18.60 | 22.66 | 1.45 |
1979 | 11.15 | 12.49 | 13.61 | 17.43 | 21.42 | 1.40 |
1989 | 9.38 | 11.36 | 13.20 | 17.88 | 23.24 | 1.57 |
1990 | ||||||
1991 | ||||||
1992 | 8.86 | 11.07 | 12.52 | 18.04 | 23.03 | 1.63 |
1993 | 8.72 | 11.02 | 12.47 | 17.97 | 23.22 | 1.63 |
1994 | 8.52 | 11.10 | 12.36 | 18.14 | 24.17 | 1.63 |
1995 | 8.25 | 10.90 | 12.20 | 18.13 | 23.90 | 1.66 |
1996 | 8.21 | 10.84 | 12.18 | 17.86 | 23.80 | 1.65 |
1997 | 8.22 | 11.02 | 12.43 | 18.38 | 24.07 | 1.67 |
Annualized Percent Change | ||||||
1973-79 | -0.1 | -0.4 | -0.7 | -1.0 | -0.9 | |
1979-89 | -1.6 | -0.9 | -0.3 | 0.3 | 0.9 | |
1989-97 | -1.5 | -0.4 | -0.7 | 0.3 | 0.4 |
Source: Authors' analysis of CPS ORG data; inflation-adjusted using CPI-U-X1.
Average hourly earnings in private, nonagricultural business increased in real terms by about 16 percent during the past 40 years, but professionals did better: physicians, for example, enjoyed an increase in real earnings of 33 percent in the same period.
[]
The top 5 percent of families had an increase in income of 129 percent in real terms from 1960 to 1998, while the middle fifth had an increase of 54 percent and the bottom fifth only 38 percent.
[]
The average real income of working Americans, as the chart [that sarcasm persists in misreading] shows, increased beginning in 1995--undoubtedly made possible by the spurt in productivity over the same period. [emphasis added]
Source: Scientific American