Chart of the Day #2: Wage Growth Is Still Lousy

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In my post earlier this morning about jobs growth, I mentioned that wage growth continues to be stuck at about zero after accounting for inflation. This probably deserves a chart of its own to make it clear what things look like, so here it is: wage growth after inflation since the recovery began in 2010. As you can see, real wages have been bouncing along slightly above and slightly below zero for four years now. If you use alternate measures of inflation, the trend is even worse.

This is the basic lay of the land. Yes, the economy is improving and jobs are becoming more plentiful. But most of us have seen our pay stagnate for four years and counting. That’s one of the reasons the public mood remains so sour.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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