Tuesday, November 12, 2024

[NJFAC] 2024 real wages less than 1972 for private-sector blue-collar workers

Kristof, NY Times, 11/10/24: "Here's an astonishing statistic from Bureau of Labor Statistics data: Blue-collar private-sector workers were actually earning more on average in 1972, after adjusting for inflation, than they are now in 2024. So today's blue-collar workers are on average earning less in real dollars than their grandparents were 52 years ago."

See below, for corroboration by BLS:
jz

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June Zaccone
National Jobs for All Network
http://www.njfac.org

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