The biggest wage drop in decades. Largest 3 month decrease in % terms in more than half century.

via research.stlouisfed.org

The Biggest Wage Drop in Decades
The 1.2% drop in hourly pay in the United States between October 1, 2008, and January 1, 2009, was the largest three-month decrease, in percentage terms, in more than half a century. In fact, since 1960, there have been only two other declines — in 1994 and 2004, both measuring just 0.3%, according to the U.S. Bureau of Labor Statistics.

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