How have wages grown since 1979?

The EPI article State of Working America Wages 2019 by Elise Gould (2/20/2020) provides a detailed summary of wage growth. For example, copied here is the third of over 20 charts. Note that he bottom 10 percent is barely above 0 and only recently got there. A related fact from their previous  chart:

 As shown in Figure B, the top 1% of earners saw cumulative gains in annual wages of 157.8% between 1979 and 2018—far in excess of economywide productivity growth and over six times as fast as average growth for the bottom 90% (23.9%). Over the same period, top 0.1% earnings grew 340.7%.

Each chart has avaialbe data.

 

About Thomas J. Pfaff

Thomas J. Pfaff is a Professor of Mathematics at Ithaca College. He created this website because he believes that sustainability, ranging from climate change to social justice, should be included in all courses whenever possible.

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