Chart o’ the Day: Recovery Wage Growth by Sector

Steven Rattner called bullshit on the whole American Industrial Renaissance over the weekend – he thinks we’re not doing even close to enough to make sure all Americans are employed and making things again. I’m not sure why he thinks this is something the government can control, outside of major public works projects that we know the legislature doesn’t have the stomach or the imagination for these days.

Anyway, one of his charts depicts the wage increases (and decreases) that Americans have enjoyed since June of 2009, the start of the recovery:

All told, wages for blue-collar automotive industry workers have dropped by 10 percent, after adjusting for inflation, since the recession ended in June 2009. By comparison, wages across manufacturing dropped by 2.4 percent during the same period, while earnings for Americans in equivalent private-sector jobs fell by “only” 0.5 percent. (To be fair, including benefits, compensation for manufacturing workers remains above that of service employees.)

wage growth


Quick – can you spot which of these things is not like the others? LOL


The Myth of Industrial Rebound (New York Times)

What's been said:

Discussions found on the web
  1. immediate edge review 2020 commented on Sep 22

    … [Trackback]

    […] Find More here on that Topic: […]

  2. td canada trust online commented on Oct 27

    … [Trackback]

    […] Read More on on that Topic: […]

  3. omega replica watches commented on Dec 30

    … [Trackback]

    […] Read More on to that Topic: […]

  4. CI CD commented on Jan 12

    … [Trackback]

    […] Read More Information here on that Topic: […]

  5. bmo mastercard online banking commented on Jan 14

    … [Trackback]

    […] Find More here to that Topic: […]