Tuesday, November 20, 2007

Did wages stagnate between 2000-05? NO


I charted the BLS numbers, and calculated the change in real compensation for the six years from Q4 1999 to Q4 2005. A pleasant surprise: real compensation per hour has been the opposite of "stagnant"; in fact, it grew by 6.7% in the 2000-2005 interval. That's better growth than any six-year period in the last twenty years, including 1995-2000.