If you are a production worker, your wage raise is virtually non-existent for 83% of the working population. And, since 2007, that raise, if you were one fortunate enough to receive one, is significantly below the raises between 2008/08 (4%). This is occurring in an environment where the so-called unemployment rate stands at 5.5%. (I don't believe anyone really believes percent being put forth by the Bureau of Lies and Scams.)
The Wall Street Journal reports that the median household income, adjusted for inflation, was $51,939 in 2013. In 1988, that adjusted median income was $51,514. Therefore, over the past 25 years, there has literally been no increase in one's median income. Wow! In spite of all the spin coming from the BLS and FED that the economy is on sound footings and improving on a daily basis, the working population (Main Street) suffers dearly.
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