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As President Obama Asks ‘Are You Better Off?’ New Data Shows Wages ‘Stagnant Or Declining’ For ‘Every Income Group’
As President Obama Asks ‘Are You Better Off?’ New Data Shows Wages ‘Stagnant Or Declining’ For ‘Every Income Group’
“President Barack Obama, stumping for the Democrats ahead of November's congressional elections, has twice invoked Ronald Reagan's seminal campaign question: ‘Are you better off than you were four years ago?’ … But a similar message has failed to resonate for Obama primarily for one reason: …average family incomes have slipped.” (Reuters, 9/22/14)
“US wages have gone precisely nowhere over the past year. Inflation-adjusted US hourly earnings growth was 0% in July compared to the previous year, according to just released stats.”(Quartz, 8/19/14)
- “…anemic wage growth is dampening price pressures. Average hourly earnings adjusted for inflation rose 0.4 percent in August. Even so, they have risen only by that same amount over the past year.” (Reuters, 9/17/14)
- “Wages were stagnant or declining at all education levels, and those with the most schooling experienced the largest drops, according to the study. Hourly pay fell 2.7% for Americans with advanced degrees, 1.6% for college graduates, 1% for those with some college, 1.1% for high school graduates and 0.6% for people lacking a high school diploma.” (USA Today, 8/27/14)
Tags: wages, stagnant, declining, all Income Groups, Obama economy, Economic Policy Institute To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
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