On the rise:
Determine 1: Actual common earnings for manufacturing and non-supervisory staff, CPI deflated (blue), chained CPI deflated (tan), each in 2023$. Chained CPI seasonally adjusted by creator utilizing X-13 (in logs). Supply: BLS by way of FRED and creator’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 shifting common over 12 months prior. Supply: Atlanta Fed by way of FRED (collection FRBATLWGT3MMAUMHWGO), BLS, and creator’s calculations.
