Americans' Real Wage Growth Contracts For 3rd Straight Month - First Time Since 2012

For the first time since 2012, real average hourly earnings has declined for 3 straight months...

Dragging the year-over-year growth in real earnings down to just 0.4% - the weakest growth since April.

 

Overall, Real average weekly earnings up $1.40 from a year earlier to $370.03.

Welcome to the road to serfdom America.

Comments

Bes FreeShitter Wed, 11/15/2017 - 09:28 Permalink

"It's a big club and you ain't in it." - George Carlinhttps://www.youtube.com/watch?v=rsL6mKxtOlQ------------I wonder what he would say about Trump......"Good honest hard-workin people CONTINUE — these are people of modest means — continue to elect these RICH COCKSUCKERS who don’t GIVE a fuck about them. They don’t give a fuck about you, they don’t GIVE A FUCK ABOUT YOU. THEY DON’T CARE ABOUT YOU — AT ALL"hahahahahaha!

In reply to by FreeShitter

BandGap Yen Cross Wed, 11/15/2017 - 11:09 Permalink

I thought it was because I was getting old. Nope.This is the most fucked up employment market I have seen in almost 40 years of work.I have entry level positions open at ~45K a year for scientists (chemists, biologists, etc.) and cannot fill them. I will literally be hitting the road to visit local colleges to beg people to come to work.This is after I was unemployed for 6 months myself this year. Now I get 3-4 calls a week for these tired old bones to lead groups in pharma manufacture.I have no idea about what is and isn't real in the working world. Just get paid and prepare for the shitwave.  

In reply to by Yen Cross

shankster Wed, 11/15/2017 - 09:18 Permalink

Same old song and dance played for the sheeple..I heard how fooking great the economy was for the 8 years Obozo was in office too...just a bunch of BS to buy the people in power a little more time to build their bunkers.

shankster Wed, 11/15/2017 - 09:26 Permalink

If you lack all morals and you're as crooked, deranged and mentally sick as those in Hollywood or Washington DC.. then you too can make it to the top in the 'usa'

rejected Wed, 11/15/2017 - 09:38 Permalink

Of course when you plug in the inflation you find they lost $7 dollars.Soooooo,,,, Americans lost approximately $5.60 cents of purchasing power on that $370 piddly weekly income. Whoopee!!!!  

Scornd 3-fingered_chemist Wed, 11/15/2017 - 12:00 Permalink

from Blacks Law Dictionary
http://thelawdictionary.org/wages/

What is WAGES?

The compensation agreed upon by a master to be paid to a servant, or any other person hired to do work or business for him. In maritime law. The compensation allowed to seamen for their services on board a vessel during a voyage. In political economy. The reward paid, whether in money or goods, to human exer- tion, considered as a factor in the production of wealth, for its co-operation in the process. "Three factors contribute to the production of commodities,

In reply to by 3-fingered_chemist