{"id":259576,"date":"2024-09-13T01:37:39","date_gmt":"2024-09-13T01:37:39","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/13\/real-average-wages-econbrowser\/"},"modified":"2025-06-25T17:11:20","modified_gmt":"2025-06-25T17:11:20","slug":"real-average-wages-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/13\/real-average-wages-econbrowser\/","title":{"rendered":"Real Average Wages | Econbrowser"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-53657\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>On the rise:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/realwagepix.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-53659\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/realwagepix.png\" alt=\"\" width=\"849\" height=\"561\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/realwagepix.png 849w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/realwagepix-300x198.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/realwagepix-768x507.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/realwagepix-624x412.png 624w\" sizes=\"(max-width: 849px) 100vw, 849px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> Real average earnings for production and non-supervisory workers, CPI deflated (blue), chained CPI deflated (tan), both in 2023$. Chained CPI seasonally adjusted by author using X-13 (in logs). Source: BLS via FRED and author\u2019s calculations.<\/em><\/p>\n<p>It\u2019s appropriate to ask what\u2019s happening to the median wage. I don\u2019t have the levels, but I have median year-on-year growth from the Atlanta Fed. Using this data, I get the following for real median wage growth:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/medianwagegrowthpix.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-53660\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/medianwagegrowthpix.png\" alt=\"\" width=\"835\" height=\"561\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/medianwagegrowthpix.png 835w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/medianwagegrowthpix-300x202.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/medianwagegrowthpix-768x516.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/medianwagegrowthpix-624x419.png 624w\" sizes=\"(max-width: 835px) 100vw, 835px\"\/><\/a><\/p>\n<p><em><strong>Figure 2:<\/strong> Median year-on-year wage growth, adjusted by CPI (blue). Median wage growth is 3 month moving average over 12 months prior. Source: Atlanta Fed via FRED (series FRBATLWGT3MMAUMHWGO), BLS, and author\u2019s calculations.<\/em><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/09\/real-average-wages\" title=\"5:29 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-09-12T17:29:17-07:00\">September 12, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/09\/real-average-wages\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] On the rise: Figure 1: Real average earnings for production and non-supervisory workers, CPI deflated (blue), chained CPI deflated (tan), both in 2023$. Chained<\/p>\n","protected":false},"author":1,"featured_media":259577,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/259576"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=259576"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/259576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/259577"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=259576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=259576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=259576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}