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Median Family Income, 1947-97 1947-73 +104% 1973-97 +8.8% $44,568 $20,102 $40,979 $44,284 $41,051.

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Presentation on theme: "Median Family Income, 1947-97 1947-73 +104% 1973-97 +8.8% $44,568 $20,102 $40,979 $44,284 $41,051."— Presentation transcript:

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2 Median Family Income, 1947-97 1947-73 +104% 1973-97 +8.8% $44,568 $20,102 $40,979 $44,284 $41,051

3 Growth in Hourly Wages, 1947-97 1947-1973 +79% 1973-1997 -8.0% $12.28 $13.40 $7.49 Note: These inflation-adjusted wages are for the approximately 82% of the privately employed labor force categorized as production nonsupervisory workers.

4 Annual Growth in Family Income by Income Group 1947-73 Poorest 20%Top20% Upper-Middle Income Group Middle Income Group Lower-Middle Income Group Note: One-fifth of all families are in each income class. The one-fifth of families with the lowest incomes are in the lowest fifth; the one-fifth of families with the highest incomes are in the highest fifth, etc.

5 Annual Growth in Family Income by Income Group 1973-97 Poorest 20%Top20% Upper-Middle Income Group Middle Income Group Lower-Middle Income Group Note: One-fifth of all families are in each income class. The one-fifth of families with the lowest incomes are in the lowest fifth; the one-fifth of families with the highest incomes are in the highest fifth, etc.

6 Percent of Workers Earning Poverty-Level Wages, 1973-1997 Men All Workers Women 28.5% 35.3% 28.6% 22.5% 23.7% 23.5% Note: A full-time year-round worker with poverty level wages earns insufficient income to lift a family of four out of poverty.

7 Percent of Workers Earning Poverty-Level Wages, 1973-1997 Whites Blacks 46.7% 38.2% 24.5% 21.8% Hispanics 33.5% 32.8% Note: A full-time year-round worker with poverty level wages earns insufficient income to lift a family of four out of poverty.

8 Entry Level Wages of College Graduates, 1973-1997 Women Men $14.82 12.95 $13.44 $14.89 $13.65 $12.20

9 Entry Level Wages of High School Graduates, 1973-1997 Women Men $11.10 $8.36 $8.34 $10.98 $7.95 $6.81

10 Low Wage Median Wage High Wage Change in Hourly Wages 1973-1997 Men

11 Change in Hourly Wages 1973-1997 Women Low Wage Median Wage High Wage


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