In a healthy economy wages grow faster than inflation and everyone gets richer.
We’re not living in a healthy economy.
National wages are still 1 per cent below the peak reached in Q4 2008, according to the PayScale Index. Blue collar jobs, particularly construction, have fallen much further from peak.
The index follows wage changes in the United States, measuring the quarterly change in total cash compensation for full-time, private sector employees. It also measures the pay change against the United States’ growth.
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