wages - Democratic Underground

mcd1982

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Sat May-07-05 07:24 PM
Original message

wages

Does anyone have any info on "real" wages from the 70s vs. today? I know workers in the 70s actually earned more, in todays dollars, but I am looking for a figure.

I know union members are the only ones keeping pace with inflation. Thanks!

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Sandpiper

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Sat May-07-05 07:39 PM
Response to Original message

1. Not off the top of my head

But here's a link to AIER's inflation calculator. It goes all the way back to 1913.

For example: $1 in 1975 = $3.57 in 2005

http://www.aier.org/cgi-aier/colcalculator.cgi

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Warpy

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Sat May-07-05 07:42 PM
Response to Original message

2. Here are a few links

This one discusses the decline in the minimum wage: http://www.policyalmanac.org/economic/archive/minimum_wage02.shtml

Then there's: "Output and wages: For most of the country's first 200 years, Americans grew accustomed to rising incomes. But beginning in the late 1960s, real wages stopped growing, and in the 1980s, they began to fall. Measured in 1977 dollars, private nonsupervisory workers made $189.44 a week in 1969; in 1988, they were down to $167.81 a week," plus more discussion at: http://www.motherjones.com/news/feature/1994/03/judis.html

Another good discussion is at: http://www.uswa.org/uswa/program/content/432.php

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oscar111

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Sat May-07-05 08:12 PM
Response to Reply #2

3. wages lower now than when reaganomics began.. adjusted for inflation;Toss

reaganomics.

not exactly what you were asking for, but it IS the biggest conclusion one can draw from the no's you are planning to look at.

get rid of reaganomics in the voter's mind, and we can fully fund all the dem programs cut since RR the monster crawled into the oval office.

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IrishBloodEngHeart

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Sat May-07-05 08:23 PM
Response to Original message

4. Lou Dobbs had a chart last night showing

meat packers made on average $19 an hour in 1980.

now they make $9.

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