Table 4.1
Average wages and work hours, 1967–2010 (2011 dollars)
Productivity per hour (2005=100) |
Real wage levels | Hours worked | |||||
---|---|---|---|---|---|---|---|
Annual wages | Weekly wages | Hourly wages | Annual hours | Weeks/ year | Hours/ week | ||
1967 | 52.3 | $29,555 | $678.58 | $17.24 | 1,716 | 43.5 | 39.3 |
1973 | 60.2 | 34,378 | 791.40 | 20.50 | 1,679 | 43.4 | 38.6 |
1979 | 64.2 | 34,632 | 789.79 | 20.34 | 1,703 | 43.8 | 38.8 |
1989 | 73.1 | 37,685 | 830.34 | 21.13 | 1,783 | 45.4 | 39.3 |
1995 | 78.8 | 38,768 | 843.83 | 21.22 | 1,827 | 45.9 | 39.8 |
2000 | 88.5 | 43,616 | 929.04 | 23.24 | 1,876 | 46.9 | 40.0 |
2007 | 102.0 | 43,615 | 920.91 | 23.16 | 1,883 | 47.4 | 39.8 |
2010 | 108.2 | 43,194 | 928.18 | 23.79 | 1,815 | 46.5 | 39.0 |
Annual growth rate* | |||||||
1967–1973 | 2.4% | 2.5% | 2.6% | 2.9% | -0.4% | 0.0% | -0.3% |
1973–1979 | 1.1 | 0.1 | 0.0 | -0.1 | 0.2 | 0.2 | 0.1 |
1979–1989 | 1.3 | 0.8 | 0.5 | 0.4 | 0.5 | 0.3 | 0.1 |
1989–2000 | 1.7 | 1.3 | 1.0 | 0.9 | 0.5 | 0.3 | 0.2 |
1989–1995 | 1.3 | 0.5 | 0.3 | 0.1 | 0.4 | 0.2 | 0.2 |
1995–2000 | 2.3 | 2.4 | 1.9 | 1.8 | 0.5 | 0.4 | 0.1 |
2000–2007 | 2.0 | 0.0 | -0.1 | -0.1 | 0.1 | 0.1 | -0.1 |
2007–2010 | 2.0 | -0.3 | 0.3 | 0.9 | -1.2 | -0.6 | -0.6 |
* Log growth rate
Source: Authors' analysis of unpublished Total Economy Productivity data from the Bureau of Labor Statistics Labor Productivity and Costs program, Current Population Survey Annual Social and Economic Supplement microdata, and Murphy and Welch (1989)
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