Wages Are No Longer Growing At All

The inflation figures for April are in, which means we can take a look at how much wages went up last month. First, here’s a broader look:

Up through 2016, wages were rising at about 1 percent per year (adjusted for inflation).

In the past 12 months, wage growth slumped to 0.13 percent. For blue-collar workers, wage growth was 0.17 percent.

In April, wages fell slightly. Wages for blue-collar workers were flat. The growth rate has been heading down, down, down.

Here’s a chart showing wage growth over the past few years. It’s totally unfair to point out the month Donald Trump was elected, but what can I do? I’m all about the facts, you know. In any case, no worries here. The CEOs and other rich folks who really elected Trump are doing great, even if the blue-collar workers who supposedly elected him aren’t getting anything out of his presidency. The Republican Party suckered them again.

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