I don’t know if I am smart enough to wade into the debate about wage growth in America. But I did take the time to review some numbers from the Bureau of Labor Statistics.
I looked specifically at the median weekly earnings for all Americans over age 16 (not including self-employed.)
These charts suggest that earnings have been rising modestly since 1993. The first chart shows there was a noticeable increase between 1997 and 2001, then slowed a bit in 2001 and 2002. Then it continued upward at close to the same rate. Continue reading