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Comment by justboxing | Hacker News Reader

> Wages and salaries of private-sector workers, rose 2.9% in June from a year earlier, matching the pace seen in the prior quarter.

Adjusted for a 1.9% inflation, the wages and salaries increase is a whopping 1%. So if you are making $ 100,000 / year (which is possibly a lot higher than most people, esp. non-techies are making), the annual increase is about $1,000. Take taxes away and it's about $600 to $700.

Nothing to be bragging about IMO.

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where did you get 1.9% inflation from? This indicates 2.9%: https://www.usinflationcalculator.com/inflation/current-infl...

And if you use the constant dollar report from the bls, it says wages decreased by -0.1% (for all civilian workers): https://www.bls.gov/web/eci/ecconstnaics.pdf

So according to the BLS, you've actually overstated the increase.. there was no increase in inflation adjusted pay.

Core PCE (ex-food and energy) was 1.9% https://fred.stlouisfed.org/series/PCEPILFE

Core CPI was 2.2% (this is usually what the fed prefers) https://fred.stlouisfed.org/series/CPILFENS

I got 2.8% for CPI total (it looks like this is what your website is using) https://fred.stlouisfed.org/series/CPIAUCSL

> Nothing to be bragging about IMO.

Agreed. For decades, wages have not outpaced inflation for the majority of workers. Don't expect the trend to reverse any time soon.

http://www.pewresearch.org/fact-tank/2014/10/09/for-most-wor...

https://www.epi.org/nominal-wage-tracker/

I'm guessing a vast majority of that 2.9% wage growth is in the upper brackets anyways.

https://fortunedotcom.files.wordpress.com/2017/09/income_cha... for reference from a few years ago, it would be shocking if things have changed

Usually for these things, I find going to the original source is much more informative than relying on the media. Here [1] is the report from the BLS. It does mention distribution. You can see it for each profession group here [2].

The group "management, business, and financial" saw a 2.5% increase. Sales and office occupations saw a 3.5% increase. Service occupations saw a 3.3% increase. "Accommodations and food service" saw a 3.1% increase. Anyhow, plenty of other information available as well but this definitely looks very good.

[1] - https://www.bls.gov/news.release/eci.nr0.htm

[2] - https://www.bls.gov/news.release/eci.t05.htm

Sure, this is by profession group/sector, do they have statistics that are by income? ie what share of the increase went to each quintile, for example.

Financial accomplishment during Trumps admin?

It's just crumbs! https://www.washingtontimes.com/news/2018/jan/11/nancy-pelos...

It's -0.1% real wage increase. The only reason the raw number is positive is because inflation is higher than it has been for a while.

So, congratulations, Trump has accomplished inflation with nominal wage growth almost keeping up with it.

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