Chart of the Day: Wages Are Down For Almost Everyone

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EPI’s Elise Gould provides us with wage data for 2014 today, and the results aren’t pretty:

  • Every group has seen a cumulative drop in wages since 2007 except for the top 5 percent (red line).
  • Every group saw a drop in wages in 2014 except for the bottom 10 percent (dark blue line).

Why did wages of the poor rebound a bit last year? Because 19 states raised their minimum wages:

A state-by-state comparison of trends in the 10th percentile suggests that these minimum-wage increases account for the nationwide 10th percentile increase. Between 2013 and 2014, the 10th percentile wage in states with minimum-wage increases grew by an average of 1.6 percent, while it barely rose (a 0.3 percent increase) in states without a minimum-wage increase.

In other news about wage growth, women have done slightly better than men; whites have done better than blacks; and college graduates have done better than high school grads. The full report is here.

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Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

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Truth #5: It's about minority rule.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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