Inflation-Adjusted USA Wage Growth Rate Measure

Context:
- ...
Example(s):
- USA Inflation-Adjusted Wage Rate, was ~3.2 percent in ~2023-06.
- ...
Counter-Example(s):
- Historical Nominal Wage.
See: ....

References

between the inflation rate and growth of wages in the United States from January 2020 to June 2023." In: Statistica
- QUOTE: The rate of inflation exceeded the growth of wages for the first time in recent years in April 2021. In this month, inflation amounted to 4.2 percent, while wages grew by 3.2 percent. The growth of wages surpassed that of inflation for the first time since March 2021 in February of 2023.
- Find more statistics at Statista

Michael Elsby, Donggyun Shin, and Gary Solon. (2013). “Wage Adjustment in the Great Recession.” In: ...
- ABSTRACT: As of a quarter-century ago, the conventional wisdom among macroeconomists was that real wage rates were more or less non-cyclical, and many macroeconomic models described wage inflexibility as a key contributor to cyclical unemployment. Since then, however, numerous empirical studies based on microdata for workers have found that real wages are substantially pro-cyclical. This pro-cyclicality had been obscured in aggregate wage statistics, which tend to give more weight to low-skill workers during expansions than during recessions. Most of the U.S. microdata-based literature is based on data extending no later than the early 1990s, so an obvious question is what the cyclical wage patterns have been more recently. Most importantly, how have wages behaved during the Great Recession? Is there reason to think that wages responded especially sluggishly during this downturn and that stickiness of wages contributed to the Great Recession's unusually high unemployment? Elsby, Shin, and Solon address these questions with data for both the United States and Great Britain.

(Gould & Shierholz, 2018) ⇒ E. Gould, H. Shierholz. (2018). “Average Wage Growth Continues to Flatline in 2018, while low-wage workers and those with relatively lower levels of educational attainment see stronger gains.” In: policycommons.net.
- QUOTE: "Real (inflation-adjusted) average hourly wages from the … but it only provides information on average wages for very large … allows us to see what’s happening at different parts of the wage …”
- NOTE: It provides insights into the nuances of wage growth in 2018, highlighting disparities based on education and wage level.

(Shambaugh et al., 2017) ⇒ J. Shambaugh, R. Nunn, P. Liu, G. Nantz. (2017). “Title Not Provided.” In: The Hamilton Project, brookings.edu.
- QUOTE: "The US economy has experienced long-term real wage stagnation and a persistent lack of … By comparison with the previous three business cycles, inflation-adjusted wage growth since …”
- NOTE: It discusses the ongoing wage stagnation in the US and compares it with the trends from previous business cycles.

(Mishel, 2015) ⇒ L. Mishel. (2015). “Causes of Wage Stagnation.” In: epi.org.
- QUOTE: "… is the lowering of the inflation-adjusted value of the federal minimum wage, a significant … of the distribution of US wage growth. The minimum wage, in inflation-adjusted terms, is …”
- NOTE: It delves into the reasons for wage stagnation in the US, emphasizing the role of the federal minimum wage's diminishing value in inflation-adjusted terms.