Today in Labor History – September 29th

US_$20_twenty_dollar_bill

A report by the Labor Department’s Bureau of Labor Statistics finds that the average weekly take-home pay of a factory worker with three dependents is now $94.87 – 1962

– bloggers note – While I could not find an average factory workers salary (we don’t have that many left) I looked at the labor departments average for a full time wage and salary worker during the second quarter of 2013. It shows an average of $776 per week. Adjusted for inflation $94.87 in 1962 is equal to 726.07 today. In essence, wages have remained fairly flat for over 40 years. (Website used for the dollar conversion for my calculations)

Click on Links for more information

 

Leave a Reply