Q3 Ends With Workers Getting Anemic 0.4% Raise

The Washington Post reports fabulous news:

U.S. workers are seeing the largest wage increase in a decade, the Labor Department reported Wednesday….The typical worker received a 2.9 percent raise from September 2017 to September 2018, according to the Labor Department’s Employment Cost Index, a widely watched measure of pay….Sluggish pay growth has been one of the biggest problems in this recovery, but employers are finally having to hike wages at a more normal level typically seen during good economic times. Unemployment is at a 49-year low and there are more job openings than unemployed Americans, which forces companies to fight for available workers.

I am so tired of this shit I could scream. Is it a deliberate lie? Is it because news reporters don’t understand what inflation is? Is it because they take any opportunity to report that something is the biggest, largest, heaviest, or best?

I don’t know. But if you want to know how much wages and earnings have gone up over the year you have to adjust for inflation. FFS. How hard is that? And when you do, here’s what you get:

This is not the largest wage increase in a decade. It’s not even the largest wage increase in the past year. Or the past two years. Or the past three years. Or anytime at all.

What it is, is a fairly anemic 0.4 percent increase in wages over the past year. That’s better than nothing, but it’s nothing to write home about, especially when employment is supposedly tight and the economy is supposedly expanding like a rocket. In fact, the real question to ask when you see something like this is not: Wow, workers are doing well. It’s: If workers are hardly getting anything, then who’s getting all the extra money the economy is generating?

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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