American Business Suffers as Wages Continue to Skyrocket

A couple of days ago I posted a chart showing the real increase in wages for American workers over the past year. Unfortunately, I could only draw the chart through May because we didn’t yet have the CPI inflation numbers for June. But today they’re out, so here’s an updated version of the wage chart:

The American worker has really been kicking ass over the past year! It’s no wonder so many companies are having a hard time filling all their positions. They’ve obviously done everything they conceivably can to attract workers off the sidelines, but for some reason workers just aren’t responding. What more can the business community possibly do?

POSTSCRIPT: I just know that some smart-aleck is going to complain that I’m showing only wages, and we really need to look at total compensation. Fine. Here it is through the first quarter of 2018:

I guess that shows me. The ECI is up a whopping 0.5 percent over the past year. Employers are really taking it in the shorts, aren’t they?

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Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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