Real Hourly Wages Per Hour: Poo Poo Platter Performance
The past recession brought about wages that fell to their 2005 wages and caused serious squeezes to the personal balance sheet. As the graph below shows real compensation per hour growth is slower now than it was three years after the start of any previous recession. That is undoubtedly, by historical standards, a terrible thing.
The graph below shows that we have indeed had some wage growth, however, the above graph helps to remind us that by historical standards (Post WW2) it has been pathetic.