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Monday, September 19, 2011

"Only Advanced-Degree Holders See Wage Gains"

On average, wages fell between 2000 and 2010 (except for the 3% of the population with advanced degrees):

Only Advanced-Degree Holders See Wage Gains, by David Wessel: Why do polls show Americans are so cranky these days? Well, maybe it has something to do with their paychecks.

A lot of them aren’t keeping up with inflation, as modest as ... inflation has been. In fact, new Census Bureau data show that if you divide the population by education, on average wages have risen only for those with graduate degrees over the past 10 years. ...

Here (thanks to economist Matthew Slaughter of Dartmouth...) are changes in U.S. workers wages as reported in the latest Census Bureau report, adjusted for inflation using the CPI-U-RS measure recommended by the Bureau of Labor Statistics:


    Posted by on Monday, September 19, 2011 at 03:24 PM in Economics, Income Distribution | Permalink  Comments (76)


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