On the other hand, that income can purchase more household goods because the cost of those goods has come down quite a bit. Examples:
Thursday, July 19, 2018
1979 vs 2015
Average hourly earnings for American workers has barely changed in the last several decades, according to this article. In 1979 that average was $21.20/hour, and in 2015 the average was $21.18/hour. The comparison is made in the value of 2015 dollars.
On the other hand, that income can purchase more household goods because the cost of those goods has come down quite a bit. Examples:
On the other hand, that income can purchase more household goods because the cost of those goods has come down quite a bit. Examples:
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