US Wages Finally Get Back to Where They Were in 1973

According to the U.S. Bureau of Labor Statistics, inflation adjusted average wages for production and non-supervisory workers for March came in at $23.24 per hour. Unfortunately however, $23.24 per hour is exactly how much the average worker would have made in February 1973 (in inflation adjusted terms). Meanwhile, inflation adjusted GDP has grown over 232%, inflation adjusted GDP per capita has grown 113%, and the S&P 500, adjusted for inflation, has grown 299%.

Source: thesoundingline.com