[Marxism] » On Those Questionable US Wage Stats…Again
lnp3 at panix.com
Mon Dec 23 06:05:32 MST 2019
Various independent business, bank and other wage surveys area
increasingly supporting the alternative view that US wages have hardly
risen at all in recent years–either under Trump or before under Obama.
Or for decades now for that matter.
Here’s two more recent, independent surveys supporting that alternative
The latest Bankrate survey, released just this past week, showed that
51% of all workers (about 82 million) in the US DID NOT GET A WAGE
INCREASE at all this past year. (And 22% of the remaining 49%, who did
get a raise, got it by moving to another job and not from their employer
actually hiking their pay. Moreover, the employer they changed to may
have not actually raised their wage on their new job, even if the worker
who changed jobs realized a high wage. But the Labor Dept. considers
that a wage increase, even if in the real economy no wages were actually
raised. So for the economy as a whole even that 22% is likely
overestimated as well, even if the individual worker realized a wage hike).
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