40 Year
What Wages Would Have Been if Hourly Wages
Had Continued to Rise with Hourly
GDP After 1978
(adjusted for inflation - today's dollars)
|
|||||
YEAR
|
NUMBER OF WAGE
EARNERS
|
PER/ PERSON WAGES
|
ANNUAL
RISE in WAGES
|
RISE
with WAGE/GDP DIFFERENTIAL OF .0253%
|
INCOME
IF WAGE FOLLOWED GDP
|
2012
|
0.0253
|
estimated
->
|
$68,976
|
||
2011
|
308,827
|
$27,554
|
Actual
Rise
|
W/GDP
differential
|
$63,980
|
2010 (37)
|
306,553
|
$26,558
|
3.75%
|
6.28%
|
$59,345
|
2009 (36)
|
304,280
|
$26,530
|
0.11%
|
2.64%
|
$55,838
|
2008
|
301,483
|
$26,964
|
-1.61%
|
0.92%
|
$54,404
|
2007
|
299,106
|
$26,804
|
0.60%
|
3.13%
|
$53,908
|
2006
|
296,824
|
$26,352
|
1.72%
|
4.25%
|
$52,273
|
2005
|
293,834
|
$25,036
|
5.26%
|
7.79%
|
$50,145
|
2004 (35)
|
291,166
|
$23,857
|
4.94%
|
7.47%
|
$46,522
|
2003
|
288,280
|
$23,276
|
2.50%
|
5.03%
|
$43,288
|
2002
|
285,933
|
$22,794
|
2.11%
|
4.64%
|
$41,216
|
2001
|
282,082
|
$22,851
|
-0.25%
|
2.28%
|
$39,387
|
2000
|
279,517
|
$22,346
|
2.26%
|
4.79%
|
$38,509
|
1999
|
276,804
|
$21,239
|
5.21%
|
7.74%
|
$36,748
|
1998
|
271,743
|
$20,120
|
5.56%
|
8.09%
|
$34,108
|
1997
|
269,094
|
$19,241
|
4.57%
|
7.10%
|
$31,554
|
1996
|
266,792
|
$18,136
|
6.09%
|
8.62%
|
$29,463
|
1995
|
264,314
|
$17,227
|
5.28%
|
7.81%
|
$27,124
|
1994
|
262,105
|
$16,555
|
4.06%
|
6.59%
|
$25,160
|
1993
|
259,753
|
$15,777
|
4.93%
|
7.46%
|
$23,605
|
1992
|
256,830
|
$14,847
|
6.26%
|
8.79%
|
$21,966
|
1991
|
251,434
|
$14,617
|
1.57%
|
4.10%
|
$20,190
|
1990
|
248,886
|
$14,387
|
1.60%
|
4.13%
|
$19,394
|
1989
|
246,191
|
$14,056
|
2.35%
|
4.88%
|
$18,625
|
1988
|
243,685
|
$13,123
|
7.11%
|
9.64%
|
$17,758
|
1987
|
241,187
|
$12,391
|
5.91%
|
8.44%
|
$16,197
|
1986
|
238,789
|
$11,670
|
6.18%
|
8.71%
|
$14,936
|
1985
|
236,749
|
$11,013
|
5.97%
|
8.50%
|
$13,740
|
1984
|
234,066
|
$10,328
|
6.63%
|
9.16%
|
$12,664
|
1983
|
231,852
|
$9,494
|
8.78%
|
11.31%
|
$11,601
|
1982
|
229,587
|
$8,980
|
5.72%
|
8.25%
|
$10,422
|
1981
|
227,375
|
$8,476
|
5.95%
|
8.48%
|
$9,627
|
1980
|
225,242
|
$7,787
|
8.85%
|
11.38%
|
$8,875
|
1979
|
223,160
|
$7,168
|
8.64%
|
11.17%
|
$7,968
|
1978
|
215,935
|
$6,455
|
11.05%
|
11.05%
|
$7,168
|
1977
|
214,159
|
$5,785
|
11.58%
|
11.58%
|
$6,455
|
1976
|
212,566
|
$5,271
|
9.75%
|
9.75%
|
$5,785
|
1975
|
211,140
|
$4,818
|
9.40%
|
9.40%
|
$5,271
|
1974
|
209,572
|
$4,445
|
8.39%
|
8.39%
|
$4,818
|
1973
|
207,949
|
$4,141
|
7.34%
|
7.34%
|
$4,445
|
1972
|
206,302
|
$3,769
|
9.87%
|
9.87%
|
$4,141
|
Source of Actual Wage Data : US Census Table P-1. CPS
Population and Per Capita Money Income, All Races: 1967 to 2011 - http://www.census.gov/hhes/www/income/data/historical/people/
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