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Monday, September 22, 2014

0%: New Data Shows Wages Stagnant Or Declining For All Income Group

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As President Obama Asks ‘Are You Better Off?’ New Data Shows Wages ‘Stagnant Or Declining’ For ‘Every Income Group’

Obama On Stump: ‘Are You Better Off?

“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)

The Obama Economy: ‘US Wages Have Gone Precisely Nowhere’
Bureau of Labor Statistics: “Real average hourly earnings increased 0.4 percent, seasonally adjusted, from August 2013 to August 2014.” (“Real Earnings, August 2014,” Bureau Of Labor Statistics, 9/17/14)

“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)
Economic Policy Institute: “Inflation-adjusted wages have fallen for every income group in the past year except very low-paid workers, says an Economic Policy Institute study out Wednesday.” (USA Today, 8/27/14)
  • “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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