Wages Are No Longer Growing At All

The inflation figures for April are in, which means we can take a look at how much wages went up last month. First, here’s a broader look:

Up through 2016, wages were rising at about 1 percent per year (adjusted for inflation).

In the past 12 months, wage growth slumped to 0.13 percent. For blue-collar workers, wage growth was 0.17 percent.

In April, wages fell slightly. Wages for blue-collar workers were flat. The growth rate has been heading down, down, down.

Here’s a chart showing wage growth over the past few years. It’s totally unfair to point out the month Donald Trump was elected, but what can I do? I’m all about the facts, you know. In any case, no worries here. The CEOs and other rich folks who really elected Trump are doing great, even if the blue-collar workers who supposedly elected him aren’t getting anything out of his presidency. The Republican Party suckered them again.

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

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That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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