Real Wages Decline 12 Times In The Last 14 Months

The average worker has lost money to inflation twelve times in the last fourteen months.

Key Points

• For all workers, real (inflation-adjusted) wages declined nearly 0.8 percent in February.
• For all workers,  real  wages declined for the 12th time in 14 months.
• For production and nonsupervisory workers, real wages declined nearly 0.6 percent in February.
• For production and nonsupervisory workers, real wages declined for the 10th time in the last 14 months.

Consumer Price Index Month-Over-Month

The CPI has been on a tear. It is rising faster than wages for over a year accountingfor the drop in real wages.

Consumer Price Index Year-Over-Year

Year-over-year the CPI is up 7.9%.

Real Wages Year-Over-Year Percent Change

Real Wage Key Points 

• Real year-over-year wages have fallen 11 times in the past year.
• For all employees, real wages are down 2.58% in the past year.
• For production and nonsupervisory workers, real wages are down 1.86% in the past year.

Hourly Earnings and Real Hourly Earnings Since 1964.

This article was originally published by Mish Talk.