Sticky Wages

One of the things we have learned in our new collaborative study, the Marketplace-Edison Research Poll, is that one of the contributors to the “Economic Anxiety Index” we released is the fact that wages are “stickier” than they have been in a while. As Marketplace reported today, there were years in the 80’s and 90’s where double-digit percentage increases in wages were common, but lately wages have been flat, and those that have received wage increases are likely getting bumps in the 3% range.

Even more notable is the distribution of those wages, as you can see in the graph below:

For more on this phenomenon, read the full story at Marketplace.com.