Wednesday, September 07, 2016

US Wage Growth Lags 20 Other Countries Since 2009 Recession

Newsmax reports:
What is U.S. wage growth lag? When America posts the worst salary recovery among a group of 20 other countries, which is what just happened, according to data from executive search firm Korn Ferry’s Hay Group.

According to USA Today's report on the data, America’s pay increases have been no match for several developed countries since the recession, and for the sixth year in a row U.S. employees are looking at another “3 percent median base salary increase in 2017.”

“U.S. salaries have fallen 3.1% after adjusting for inflation since Lehman’s bankruptcy on Sept. 15, 2008,” the data shows, which is “the worst among the G-20 group, which also includes the United Kingdom, Canada, France, Germany, Italy, Japan and Korea.”

This is what progressives are proud of.