In 2007, Workers' Wages Saw Biggest Drop in 17 Years
written by Joe638NYC
at Sunday, January 20, 2008
Change to Win Reports:
The numbers are in on how much working people made in 2007, and they ain't pretty.
This week, the Bureau of Labor Statistics (BLS) released the latest data in their Current Employment Statistics survey. These figures cover workers' earnings as of December 2007.
The BLS reports that after you adjust for inflation, real wages dropped by 0.9 percent over the last year. The Daily Labor Report notes that this is the biggest one-year drop in average weekly pay since 1990.
