Tuesday, August 12, 2014

U.S. Wages Down 23% Since 2008

Big Government reports:
U.S. jobs pay an average 23% less today than they did before the 2008 recession, according to a new report released on Monday by the United States Conference of Mayors.

In total, the report found $93 billion in lost wages.

Jobs lost during the recession paid an average $61,637. As of 2014, jobs in the same sectors paid an average of $47,171 annually.
The great moments of Keynesian economics.