Table 1
Percent change in real annual wages during the Great Recession, by wage group, 2007–2011
| Wage group | ||||
|---|---|---|---|---|
| Top 1.0% | 95–99% | 90–95% | Bottom 90% | |
| Downturn | ||||
| 2007–2009 | -15.6% | -1.1% | 1.0% | -0.6% |
| Recovery | ||||
| 2009–2011 | 8.2 | 2.1 | 0.6 | -1.2 |
| Since recession began | ||||
| 2007–2011 | -8.6 | 1.0 | 1.6 | -1.8 |
| Last year | ||||
| 2010–2011 | 1.4 | 0.7 | 0.4 | -0.6 |
Source: Authors' analysis of Kopczuk, Saez, and Song (2010) and Social Security Administration wage statistics
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