Figure A

Real annual earnings of the bottom 90% only saw gains when the labor market was the tightest: Cumulative percent change in real annual earnings for the bottom 90%, 1979–2023

Year Bottom 90% Bottom 90% Bottom 90% Bottom 90%
1979 0.0%
1980 -2.2%
1981 -2.2%
1982 -3.0%
1983 -2.1%
1984 0.4%
1985 1.0%
1986 3.0%
1987 3.0%
1988 2.6%
1989 3.3%
1990 2.6%
1991 1.4%
1992 2.4%
1993 1.7%
1994 3.5%
1995 4.7% 4.7%
1996 5.2%
1997 7.7%
1998 12.1%
1999 14.7%
2000 15.6% 15.6%
2001 16.6%
2002 17.2%
2003 17.9%
2004 19.0%
2005 19.1%
2006 20.9%
2007 22.1%
2008 21.6%
2009 21.4%
2010 21.3%
2011 20.4%
2012 21.0%
2013 21.6% 21.6%
2014 23.7%
2015 28.0%
2016 29.2%
2017 31.1%
2018 33.6%
2019 36.8%
2020 37.1%
2021 41.7%
2022 42.4%
2023 43.7%
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Economic Policy Institute

Source: EPI analysis of Kopczuk, Saez, and Song (2010, Table A3) and Social Security Administration wage statistics

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