Wednesday, July 10, 2013

Meanwhile, You're Still Getting Screwed By Your Employer

Averaged across all occupations, we estimate that real median wages declined by 2.8 percent from 2009 to 2012. This is a striking decline, given that productivity increased by 4.5 percent over this same time period....Moreover, as shown in Figure 1, lower-wage and mid-wage occupations saw significantly bigger declines in their real wages than did higher-wage occupations.

   National Employment Law Project via Kevin Drum
Welcome to the “recovery”. You’re doing more for less.

...but hey, do what you want...you will anyway.

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