I write from a conservative point of view and do not engage in personal attacks. There are no solutions, only tradeoffs as said by economist Thomas Sowell. This can be seen with most bills passed by congress.
Saturday, February 25, 2012
AVERAGE WAGE INDEX PAST 20 YEARS
The average wage index calculated by taking average hourly wages based on a 40 hour week times 52 weeks per year. Over the past twenty years AWI his doubled from $19895 to $39995 . 2009 was the only year to show a decline of only $600 to be more than exceeded in 2020. Over the past 20 years prices have increased by 68% and wages have increased by 100%.
Average wages by year: 1990. $19895
2000. $30846. 50% increase
2008. $39652
2009. $39054
2010. $39959. 100% increase
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