Corporate profits, however, have risen sharply.
According to new data from the Bureau of Labor Statistics, worker wages have been essentially flat since the GOP tax bill was passed in December.
The average hourly wage for production and nonsupervisory employees crept up from $9.25 in August 2018 to $9.27 in September. However, the July figure matches numbers from the same month in 2017 — effectively meaning there was no growth from the year prior. From September 2017 to September 2018, real average hourly earnings did increase 0.4 percent, per the release.
Average hourly earnings of production and nonsupervisory employees since the beginning of 2017.
Taking a 10-year view of the data, the variation barely registers as anything more than noise on a flat line.
The report also revealed that people are working more hours on average per week, so while they are taking home more pay, it is only a marginal real impact.
