71.2 % OF THE AMERICAN WORKFORCE GETS PAID LESS TODAY THAN THEY DID IN 1979.THE AMERICAN “WORK”FORCE IS MADE UP OF WORKERS WHO DO NOT HAVE A COLLEGE DEGREE.
Stagnating Workers’ Wages
In 1979 the American worker’s average hourly wage was equal to $15.91 (adjusted for inflation in 2001 dollars). By 1989 it had reached only $16.63/hour. That’s a gain of only 7 cents a year for the entire Reagan decade.
But wait. Things get worse! By 1995 it had risen to only $16.71, or virtually no gain whatsoever over the 6 years between 1989 and 1995. During the great ‘boom years’ between 1995 and 2000 it rose briefly to $18.33 per hour. In other words, from 1979 to 2000, even before the most recent Bush recession, after more than two decades the American worker’s average wages increased on average only 11.5 cents per hour per year! With nearly all of that coming in the five so-called ‘boom’ years of 1995-2000, and most of that lost once again in the last three years. And that includes for all workers, even those with college degrees.
The picture is worse for workers who had no college degree. That’s more than 100 million workers, or 72.1% of the workforce. For them there was no ‘boom of 1995-2000′ whatsoever. Their average real hourly wages were less at the end of 2000 than they were in 1979! And since 2000 their wages have continued to slide further.
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