
Economic Issues | |
Not All Workers Saw Salaries Rise In 1990s |
Wages for workers in some occupations and professions escalated considerably in the past decade, while others simply kept up with inflation -- or trailed it. Those are the findings of an analysis of Labor Department data conducted by the economic consulting firm Dismal Science. Out of the 129 common occupations tracked by Dismal Science, 24 saw wages decline after adjusting for inflation. Workers whose salaries rose less than the 22.3 percent pace of inflation between 1991 and 1999 lost ground.
Several occupations actually experienced real pay cuts -- including aircraft pilots, hotel desk clerks and religious professionals. The wage data don't include bonuses, stock options or other cash incentives. Source: Patrick Barta, "Rises in Many Salaries Barely Keep Pace With Inflation," Wall Street Journal, February 1, 2000. For more on Wages http://www.ncpa.org/pd/economy/econ7.html |
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