On the rise:
Determine 1: Actual common earnings for manufacturing and non-supervisory employees, CPI deflated (blue), chained CPI deflated (tan), each in 2023$. Chained CPI seasonally adjusted by writer utilizing X-13 (in logs). Supply: BLS by way of FRED and writer’s calculations.
It’s acceptable to ask what’s occurring to the median wage. I don’t have the degrees, however I’ve median year-on-year progress from the Atlanta Fed. Utilizing this knowledge, I get the next for actual median wage progress:
Determine 2: Median year-on-year wage progress, adjusted by CPI (blue). Median wage progress is 3 month transferring common over 12 months prior. Supply: Atlanta Fed by way of FRED (sequence FRBATLWGT3MMAUMHWGO), BLS, and writer’s calculations.
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