Americans Could Use a Raise

Matthew Yglesias: “The labor market is a lot healthier in 2015 than it was five years ago, and with the unemployment rate falling, a lot of people are expecting the Federal Reserve to start acting to slow economic growth before workers demanding raises can generate inflation.”

A new report from the National Employment Law Project shows “that inflation-adjusted wages fell substantially between 2009 and 2014 for almost every occupation under the sun.”

“One cut at this sorted different occupations into quintiles based on their average 2014 wages and then looked at how each quintile has fared. Researchers found that the rich have gotten poorer, and the poor have gotten a lot poorer:”

 

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