Economic Report: Real Wages For U.S. Workers Still Not Growing - 06/21/06
Submitted by Doug Cunningham on June 20, 2006 - 5:15pm
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By Doug Cunningham
From 1830 through 1970 real wages for workers rose every decade. But real wages are not rising now. Measured in constant 1982 dollars the U.S. Department of Labor says weekly wages were $302.52 in 1964. In 2004 wages were lower – down to $277.57. Labor Research Associates says the Bureau of Labor Statistics reveals another drop in real wages over the last year. These stagnant and falling wages are lowering the living standards of U.S. workers.
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