Average Paid Form

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In June 2022, American workers made an average of $27.45 per hour. In 1972, the same workers earned an average of $3.88 per hour. A chart like this might make it seem like America has come a long way in terms of wage growth. But when adjusted for inflation, wages have remained virtually unchanged over the last 50 years, with workers today earning just $0.12 more than they did in 1972. When the average American is not seeing his or her living standards increase over a period of decades, that's something that should concern us all. With inflation at its highest since 1981, Americans are feeling the pain of slow wage growth. Two thirds of American workers said that inflation has outpaced any salary gains made in the past year. Now, because of the inflation, I can't even make the monthly payments. So I had to pick extra hours with my elderly care job. But some economists argue that the concept is merely a myth that politicians use to promote their careers. Politicians win elections by prom