Between 1914 and 1969, weekly wages in manufacturing industries in the United States grew by a factor of 12. In the first half of the century, the most significant periods of increase came during the World Wars, as manufacturing industries were at the core of the war effort. However, wages then fell sharply after both World Wars, due to post-war recessions and oversaturation of the job market as soldiers returned home. Interwar period Wage growth during the interwar period was often stagnant, despite the significant economic growth during the Roarin' 20s, and manufacturing wages remained steady at around 24 dollars from 1923 to 1929. This was, again, due to oversaturation of the job market, as employment in the agricultural sector declined due to mechanization and many rural workers flocked to industrial cities in search of employment. The Great Depression then saw the largest and most prolonged period of decline in manufacturing wages. From September 1929 to March 1933, weekly wages fell from 24 dollars to below 15 dollars, and it would take another four years for them to return to pre-Depression levels. Postwar prosperity After the 1945 Recession, the decades that followed the Second World War then saw consistent growth in manufacturing wages in almost every year, as the U.S. cemented itself as the foremost economic power in the world. This period is sometimes referred to as the Golden Age of Capitalism, and the U.S. strengthened its economic presence in Western Europe and other OECD countries, while expanding its political and military presence across Asia. Manufacturing and exports played a major role in the U.S.' economic growth in this period, and wages grew from roughly 40 dollars per week in 1945 to more than 120 dollars by the late 1960s.

Graph and download economic data for Income Before Taxes: Wages and Salaries by Generation: Birth Year of 1945 or Earlier (CXU900000LB1609M) from 2019 to 2023 about birth, salaries, tax, wages, income, and USA.

Graph and download economic data for Real Median Family Income in the United States (MEFAINUSA672N) from 1953 to 2023 about family, median, income, real, and USA.

In the Second World War, Japanese military wages were considered low in comparison to U.S. or European wages. A Japanese Army general received a basic pay of 550 yen per month (or roughly 126.5 U.S. dollars), whereas the lowest class of private received just six* yen per month (or 1.38 U.S. dollars). The source notes, however, that living costs were lower in Japan, and that additional pay was available for service personnel based on factors such as location, length of service, and specialized roles.

Ziel der Untersuchung ist, über die seit der Vorkriegszeit eingetretenen Veränderungen der Lohn- und Gehaltssituation zu informieren. Unter „Vorkriegszeit“ werden die Jahre der Weimarer Republik (im engeren Sinne die Jahre von 1924 bis 1929), unter „Nachkriegszeit“ die Jahre seit 1959 verstanden (bis 1954). Das Hauptgewicht des Vergleichs liegt auf der Situation der Bundesrepublik, deren Verhältnisse mit denen der Vorkriegszeit verglichen werden. Für beide Perioden wird für sämtliche zu vergleichenden Jahre eine gemeinsame Indexbasis zugrunde gelegt. Diese gemeinsame Basis stellt das Jahr 1928 dar. „Gerade wegen der ‚Vergleichspriorität‘, die der Gegenwart zugemessen wird, war ein Jahr aus der Weimarer Zeit als Basisjahr heranzuziehen. Die Wahl fiel auf das Jahr 1928, weil für Einkommensbetrachtungen, die einen ‚isolierten‘ Vergleich intendieren, Jahre konjunktureller Höhepunkte am geeignetsten sind. Zwar hatte die Konjunkturentwicklung der Weimarer Zeit erst im Verlaufe des Jahres 1929 ihren Höhepunkt erreicht; da sich aber im Jahre 1929 der Einfluss der Beginnenden Krise bereits stark bemerkbar machte, ist das Jahr 1928 als das Jahr mit der gleichsam ‚reinsten‘ Hochkonjunktur der Vorkriegszeit anzusehen und wurde deshalb als Basisjahr genommen. In der Untersuchung“ (Menges/Kolbeck, a. a. O., S. XII). In der Untersuchung werden zwei Typen des Periodenvergleichs unterschieden. (1) „Eliminierter Vergleich“: Vergleich, dem ausschließlich das Gebiet der Bundesrepublik Deutschland (Gebietsstand von 1950) zugrunde liegt; (2) „Uneliminierter Vergleich“: Vergleich, dem für die Jahre bis 1945 das Reichsgebiet (Gebietsstand von 1925) und für die Jahre ab 1945 das Gebiet der Bundesrepublik Deutschland (Stand 1950) zugrunde liegt. Der weitaus größte Teil der präsentierten Daten stellen Schätzungen dar, die „in jedem Falle fundiert sind, aber doch häufig nur als grob gelten können“ (Menges/Kolbeck, a. a. O., S. VII). Datentabellen in HISTAT:Die ‚Datentabellen können grob den folgenden inhaltlichen Schwerpunkten zugeordnet werden:A. Strukturdaten (Erwerbspersonen, Altersgliederung der Arbeitnehmer)B. Die Kaufkraft des GeldesC. Löhne und Gehälter in ihrer Gesamtheit im Vergleich zum VolkseinkommenD. Die Löhne und Gehälter im Einzelnen: ArbeiterE. Die Löhne und Gehälter im Einzelnen: AngestellteF. Die Löhne und Gehälter im Einzelnen: ZusammenfassungG. Ergänzende Beurteilung: Haushaltseinkommen, Arbeitszeit, Sozialversicherung, Arbeitslosigkeit

In the build up to the Second World War, the United States was the major power with the highest gross domestic product (GDP) per capita in the world. In 1938, the United States also had the highest overall GDP in the world, and by a significant margin, however differences in GDP per person were much smaller. Switzerland In terms of countries that played a notable economic role in the war, the neutral country of Switzerland had the highest GDP per capita in the world. A large part of this was due to the strength of Switzerland's financial system. Most major currencies abandoned the gold standard early in the Great Depression, however the Swiss Franc remained tied to it until late 1936. This meant that it was the most stable, freely convertible currency available as the world recovered from the Depression, and other major powers of the time sold large amounts of gold to Swiss banks in order to trade internationally. Switzerland was eventually surrounded on all sides by Axis territories and lived under the constant threat of invasion in the war's early years, however Swiss strategic military planning and economic leverage made an invasion potentially more expensive than it was worth. Switzerland maintained its neutrality throughout the war, trading with both sides, although its financial involvement in the Holocaust remains a point of controversy. Why look at GDP per capita? While overall GDP is a stronger indicator of a state's ability to fund its war effort, GDP per capita is more useful in giving context to a country's economic power in relation to its size and providing an insight into living standards and wealth distribution across societies. For example, Germany and the USSR had fairly similar GDPs in 1938, whereas Germany's per capita GDP was more than double that of the Soviet Union. Germany was much more industrialized and technologically advanced than the USSR, and its citizens generally had a greater quality of life. However these factors did not guarantee victory - the fact that the Soviet Union could better withstand the war of attrition and call upon its larger population to replenish its forces greatly contributed to its eventual victory over Germany in 1945.

About this dataset

Context

The dataset illustrates the median household income in Cando, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Cando decreased by $1,945 (3.79%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 7 years and declined for 6 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Cando median household income. You can refer the same here

Datatable in the search- and downloadsystem HISTAT Information: HISTAT is offered only in German language.

1. Durchschnittslöhne und Lebenshaltungskosten in Ost- und Westdeutschland (= Average wages and cost of living in East and West Germany) (1938-1989)

2. Kaufkraftbereinigte Nettodurchschnittseinkommen der Arbeiter- und Angestelltenhaushalte der DDR in Relation zu denen der Bundesrepublik (= Net average income, adjusted for purchase power, of workers and employees households in the GDR in relation to those of the Federal Republic) (1950-1988)

3. Anteil der Eigentumsformen am Nettoprodukt der Wirtschaftsbereiche (= Share of different modes of ownership in the net product of economic sectors) (1950-1988)

4. Ausstattungsbestand der Haushalte in der DDR mit langlebigen technischen Konsumgütern (= Stock of Equipment of homes in the GDR with durable consumer goods) (1955-1989)

5. Entwicklung der Wohnungsversorgung in der SBZ/DDR und in der Bundesrepublik, Wohnungseinheiten (WEH) (= Development of housing supply in the former Sovjet occupation zone / GDR and the Federal Republic, housing units) (1939-1989)

06a. DDR/NBL: Struktur der Haushaltsausgaben nach Haushaltstypen, in Mark/DM (= Structure of household expenses by household types, in mark/DM) (1949-1992)

06b. BRD/ABL: Struktur der Haushaltsausgaben nach Haushaltstypen, in DM (Structure of household expenses, in DM) (1950-1992)

1. Sparquoten in der Bundesrepublik und der DDR (= Savings rates of the Federal Republic of Germany and of the former GDR) (1950-1989)

This table contains 11 series, with data for years 1926 - 1960 (not all combinations necessarily have data for all years), and was last released on 2009-01-21. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Income-based estimates (11 items: Gross domestic product (GDP) at market prices; Net domestic income at factor cost; Wages; salaries and supplementary labour income; Corporation profits before taxes ...).

Graph and download economic data for Real gross domestic product per capita (A939RX0Q048SBEA) from Q1 1947 to Q4 2024 about per capita, real, GDP, and USA.

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Lyon. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2011 and 2021, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In Lyon, the median household income for the households where the householder is White increased by $7,714(10.71%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $72,003 in 2011 and $79,717 in 2021.
• Black or African American: In Lyon, the median household income for the households where the householder is Black or African American increased by $1,945(5.10%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $38,138 in 2011 and $40,083 in 2021.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

https://i.neilsberg.com/ch/lyon-ms-median-household-income-by-race-trends.jpeg" alt="Lyon, MS median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Lyon.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• Please note: 2020 1-Year ACS estimates data was not reported by Census Bureau due to impact on survey collection and analysis during COVID-19, thus for large cities (population 65,000 and above) median household income data is not available.
• Please note: All incomes have been adjusted for inflation and are presented in 2022-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Lyon median household income by race. You can refer the same here