HumanProgress:"...adjusted for inflation, average hourly earnings of production and nonsupervisory employees in the private sector (closest approximation for the quintessential blue-collar worker that I could find) have barely changed between 1979 and 2015.
In October 1979, average hourly earnings stood at $6.51 or $21.20 in 2015 dollars.
In October 2015, average hourly earnings stood at $21.18 – slightly below the inflation adjusted 1979 level.
Looking at the average hourly earnings, however, ignores at least three very important factors: expansion of non-wage benefits, fall in the price of consumer goods and rise in price of services, such as education and healthcare..."Read all.
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