Carrol Cox wrote:
Could someone who has the figures at his/her fingertips provide a 50-75 word history of the decline in real wages since 1975? I need it for a friend who is composing a letter to the editor of the local paper.
Real hourly earnings for all private sector workers:
Jan 73 (high) to May 95 (low): -18.1% May 95 to Nov 03 (latest high): + 9.9% Nov 03 through Jan 05 (latest): - 1.0% latest vs Jan 73 peak: -10,8%
These are cumulative totals, not annual averages.
Doug
