The U.S. Bureau of Labor Statistics released its March 2019 update on real wages in the United States on Wednesday. Denominated in constant 1982-1984 dollars, average hourly wages dropped from $9.40 in February to $9.38 in March, with average weekly earnings amounting to $315.98.
Since it’s hard to grasp the value of $9.38 in 1982-1984 dollars from today’s point of view, we took the liberty of calculating real wages in today’s prices and taking a look at what wages from 1964 onwards would be worth today. Read more. |
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