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Weekly Earnings Down

Tuesday, 20 July 2010 09:33 Last Updated on Tuesday, 20 July 2010 09:47
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BLS Logo20 July, 2010 Do you receive a paycheck? Do you feel it doesn't go as far as it did last year? You are probably right according to the USUAL WEEKLY EARNINGS OF WAGE AND SALARY WORKERS report released today by the Bureau Labor Statistics. The median weekly wage for the second quarter of 2010 is 0.8% higher it was a year ago but the cost of living is up 1.8%.

To quote the BLS:

Median weekly earnings of the nation's 99.8 million full-time wage and salary workers were $740 in the second quarter of 2010 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today. This was 0.8 percent higher than a year earlier, compared with a gain of 1.8 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period.

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Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.

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