Since 2006, my nominal wage has fallen by a total of 6.5% or about 0.8% per year compounded. I would note that my compensation has probably remained flat.
The average price level has increased by about 18% over this time period. Therefore, my real wage today is about 25% lower than it was in 2006.
Without my commentary on what is “causing” this or my feelings about it, note that:
Lots more to say, just thought I’d “share”this info with you during this season of sharing.
By what measure, WC? You may be worse off than you think. Or maybe tomorrow you will be worse off. Think Jack Lew (take some Alka-Seltzer first).