By Sahid Fawaz
A new government report gives an eye-opening look into the lack of income gains by American workers over the past year. And one senator is furious.
“Sen. Bernie Sanders (I-Vt.) on Wednesday decried a report by the Bureau of Labor Statistics showing that most workers in the U.S. have not seen their wages increase over the last year.
‘One of the issues that concerns me is what we are seeing happening to working families all across this country,’ Sanders said during a congressional hearing on the U.S. economy and budget outlook.
‘The average worker in America has seen zero — zero — wage growth over the past year, after adjusting for inflation,’ he said, citing the bureau’s report.
According to the Bureau of Labor and Statistics, average weekly earnings increased by 0.9 percent from March 2017 to March 2018.
However, for roughly 80 percent of workers — those categorized in the report as production and nonsupervisory employees — the increase in average weekly earnings totaled only 0.3 percent over the last year. The boost came from a slight increase in the number of hours worked each week, a positive sign for underemployed workers.
But setting aside increased pay for additional time spent working, the report showed the amount earned per hour of work was flat. Most workers earned a price-adjusted $9.21 per hour in March — no different than the previous year.”
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