#WageGrowth

Facts about Wage Growth

#WageGrowth

The problem

Annual real wage growth since 1973 is below 0.2 percent

#WageGrowth

What is needed for wage growth

Increases in productivity

#WageGrowth

What is needed for wage growth

Worker bargaining power

#WageGrowth

Broadly shared growth

What is needed for wage growth

#WageGrowth

Long-run Trends that Impact Wages

#WageGrowth

Union membership has declined

#WageGrowth

Some groups faring better than others

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Globalization and technology

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Less dynamism

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Minimum wage eroding

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Recovery from the Great Recession

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Real wage growth better than in the past

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Nominal wage growth worse than ever

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The current cycle — summarized