Wages decline, no one cares

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Real wages fell 0.2 percent in 2012, down from $295.49 (1982-84 dollars) to $294.83 per week, according to the 2013 Economic Report of the President. Thus, a 1.9 percent increase in nominal wages was more than wiped out by inflation, marking the 40th consecutive year that real wages have remained below their 1972 peak.

Yet no one in the media noticed, or at least none thought it newsworthy.

Full Story: ‘Real wages decline again — literally no one notices

Tags : recession
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