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progree

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54. Hmm. Seems average earnings are more than holding their own against inflation

Sun Jul 6, 2014, 09:33 PM

Jul 2014

Last edited Sun Jul 6, 2014, 10:35 PM - Edit history (1)

This shows that the inflation-adjusted average hourly earnings of production and nonsupervisory employees, from 1/1992 - 6/2014, increased from 8.30 $/hour when Clinton left office in January 2001 to $8.81/hour in June 2014 (again, both numbers are expressed in constant 1982-1984 dollars). So it's beating inflation a little bit, but just barely -- an increase of 6.1% in real (inflation-adjusted dollars) over the past 13 1/2 years.

http://data.bls.gov/timeseries/CES0500000032

Here's the graph:

Here's the raw (non-inflation adjusted) numbers --
http://data.bls.gov/timeseries/CES0500000008

Showing an increase from $14.29/hour in January 2001 to $20.58/hour now

So, on what basis do you say [font color = blue]"Too Bad - So Sad - That These Jobs Are Low Quality And Low Wage"[/font], unless "these jobs" have always been low quality and low wage?

For a 30 year perspective (since 1984) please see post 29 in this thread:
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=5192184

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Very few others are saying it, so I will. Congratulations, Mr. President. [View all] Nye Bevan Jul 2014 OP

Keep in mind those aren't the real numbers quinnox Jul 2014 #1

The ADP number yesterday (which is calculated completely independently) was also great. Nye Bevan Jul 2014 #3

Nice Fox News talking points. Chucky-Doll Jul 2014 #5

Exactly. Welcome to DU. n/t FSogol Jul 2014 #8

Nicely put. Thank you. nt Quixote1818 Jul 2014 #47

Negative. It was simply a measure of more summer work.. Here is the ballyhoo Jul 2014 #51

You want the % to change? rtracey Jul 2014 #57

I agree with all that, but it's not going to happen without a revolt. ballyhoo Jul 2014 #58

hmmmm rtracey Jul 2014 #59

They are the numbers as they are ALWAYS measured. gcomeau Jul 2014 #13

"unemployment rate ... they drop several categories, like long term unemployed people" - Not true progree Jul 2014 #17

Must be hell Andy823 Jul 2014 #18

LOL. I knew this news would make you sad Cali_Democrat Jul 2014 #19

Yep, right outta the gate. nt Bobbie Jo Jul 2014 #22

Every time someone says this they neglect the boomers. joshcryer Jul 2014 #35

. minivan2 Jul 2014 #38

wow, that was alerted on? quinnox Jul 2014 #39

I'm gob-smacked too. I'm with Juror #4 on this one (and #1,2,3,&7) n/t progree Jul 2014 #42

it's a frivolous alert, and I'm glad the post stood because it gave people a chance to refute magical thyme Jul 2014 #46

Yep. You are right. Here is the real website ballyhoo Jul 2014 #50

Agreed! Congrats to the President and those who got a new job. hrmjustin Jul 2014 #2

Thanks Mr. President mcar Jul 2014 #4

Some of our DUers got new jobs too. Congrats to the Prez and them. nt Hekate Jul 2014 #6

Big K&R for this OP! mylye2222 Jul 2014 #7

K & R. n/t FSogol Jul 2014 #9

Could it be near 0 if the treacherous repukes didn't block every effort? joanbarnes Jul 2014 #10

No gcomeau Jul 2014 #14

I think lack of healthcare has been one of the things that puts the "floor" at about 5% bhikkhu Jul 2014 #49

agreed samsingh Jul 2014 #11

I like it when The President does something good navarth Jul 2014 #12

Good to give kudos when they are due. lark Jul 2014 #15

Exactly what I was thinking. Thank you Mr. President! denvine Jul 2014 #16

Congrats and thank you Mr. President ! steve2470 Jul 2014 #20

... Phlem Jul 2014 #21

If you look over a longer period, like a year, just 9.1% of new jobs were part time progree Jul 2014 #24

I just had a job interview today for part time work at Microsoft. Phlem Jul 2014 #32

I wish you the best of luck n/t progree Jul 2014 #34

K&R nt Andy823 Jul 2014 #23

kick!!! msanthrope Jul 2014 #25

KnR sheshe2 Jul 2014 #26

K&R quaker bill Jul 2014 #27

And the pay scale is about what it was 30 years ago with today's cost of living. hobbit709 Jul 2014 #28

Bureau of Labor Statistics numbers show it keeping up with inflation progree Jul 2014 #29

Not around here. hobbit709 Jul 2014 #30

The May 2014 number was inflation-adjusted back to 1982 - 1984 numbers progree Jul 2014 #33

Around here most people are lucky to make $10-12/hr. hobbit709 Jul 2014 #36

Yup, I hear you. The BLS numbers, even for "production and non-supervisory employees" are, well, progree Jul 2014 #41

20 bucks an hour! progressoid Jul 2014 #43

This message was self-deleted by its author progree Jul 2014 #31

I think in this case, "No Drama Obama" was what was needed... First Speaker Jul 2014 #37

I've been looking for a post that talked about this.. thank you, Nye. Fun Fact.. Cha Jul 2014 #40

K Cha Jul 2014 #44

On the negative side OnlinePoker Jul 2014 #45

Part-time jobs went up by just 10 k while Full-time jobs went up by 2.1 M over the past 12 mos progree Jul 2014 #48

Too Bad - So Sad - That These Jobs Are Low Quality And Low Wage cantbeserious Jul 2014 #52

Hmm. Seems average earnings are more than holding their own against inflation progree Jul 2014 #54

Few Trust The BLS Numbers - We Have Been Lied To One Time Too Many cantbeserious Jul 2014 #55

How so? Provide some documentation. We should trust you instead? n/t progree Jul 2014 #56

kick Yo_Mama_Been_Loggin Jul 2014 #53