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 Average Hours of Work Per Week Per Wage Earner, All Male, Twenty-Five Manufacturing Industries for United States (M08030USM065NNBR) from Jun 1920 to Apr 1944 about males, hours, wages, manufacturing, industry, and USA.

Demobilization following the First World War saw millions of soldiers return to their home countries from the trenches, and in doing so, they brought with them another wave of the deadliest and far-reaching pandemic of all time. As the H1N1 influenza virus, known as the Spanish Flu, spread across the world and infected between one third and a quarter of the global population, it impacted all areas of society. One such impact was on workers' wages, as the labor shortage drove up the demand for skilled workers, which then increased wages. In the United States, wages had already increased due to the shortage of workers caused by the war, however the trend increased further in the two or three years after the war, despite the return of so many personnel from overseas.

In the first fifteen years of the twentieth century, wages across the shown industries had increased gradually and steadily in line with inflation, with the hourly wage in manufacturing increasing from roughly 15 cents per hour to 21 cents per hour in this period. Between 1915 and 1921 or 1921 however, the hourly rate more than doubled across most of these industries, with the hourly wage in manufacturing increasing from 21 cents per hour in 1915 to 56 cents per hour in 1920. Although manufacturing wages were the lowest among those shown here, the trend was similar across even the highest paying trades, with hourly wages in the building trade increasing from 57 cents per hour in 1915 to one dollar and eight cents in 1921. The averages of almost all these trades decreased again in 1922, before plateauing or increasing at a slower rate throughout the late 1920s. Other factors, such as the Wall Street Crash of 1929 and subsequent Great Depression, make comparing this data with wages in later decades more difficult, but it does give some insight into the economic effects of pandemics in history.

Graph and download economic data for Average Hourly Earnings, Iron and Steel Manufacturing for United States (M0810AUSM265NNBR) from Jun 1920 to Jul 1948 about iron, steel, earnings, metals, hours, manufacturing, and USA.

In 1820, Western Europe was the region with the highest GDP per capita, however the non-European developed countries of the United States, Canada, Australia, and New Zealand saw their average GDP per capita grow much higher by the outbreak of the First World War. These developed nations and Europe were the only regions where GDP per capita was higher than the global average, while all other regions were below (although Latin America did have an above average GDP in 1820).

Graph and download economic data for Average Hourly Earnings, Electrical Manufacturing for United States (M0811AUSM259NNBR) from Jun 1920 to Jul 1948 about electronics, earnings, hours, manufacturing, and USA.

Graph and download economic data for Average Hourly Earnings, Furniture Manufacturing for United States (M0806AUSM265NNBR) from Jun 1920 to Jul 1948 about furniture, earnings, hours, manufacturing, and USA.

About this dataset

Context

The dataset illustrates the median household income in Worthville, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 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 2021, the median household income for Worthville decreased by $1,920 (2.47%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 5 years and declined for 6 years.

https://i.neilsberg.com/ch/worthville-pa-median-household-income-trend.jpeg" alt="Worthville, PA median household income trend (2010-2021, 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. 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

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2021
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2022 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 Worthville median household income. You can refer the same here

Graph and download economic data for Average Hourly Earnings, Rubber Products Manufacturing for United States (M0819AUSM265NNBR) from Jun 1920 to Jul 1948 about rubber, earnings, hours, production, manufacturing, and USA.

About this dataset

Context

The dataset illustrates the median household income in Muhlenberg township, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 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 2021, the median household income for Muhlenberg township increased by $1,920 (2.58%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 6 years and declined for 5 years.

https://i.neilsberg.com/ch/muhlenberg-township-pa-median-household-income-trend.jpeg" alt="Muhlenberg Township, Pennsylvania median household income trend (2010-2021, 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. 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

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2021
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2022 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 Muhlenberg township median household income. You can refer the same here

Over the first half of the 20th century, the Soviet Union's GDP per capita rose from 1,218 U.S. dollars to 2,8334 U.S. dollars. There was a slight decrease between 1913 and 1929 due to the devastation caused by the First World War and Russian Revolution and the transition to a communist government and socialist economic structure. However, GDP per capita grew over the following three intervals, and the Soviet Union's relative isolation in the 1920s and 1930s meant that it was relatively untouched by the Great Depression in the 1930s. At the end of the recovery period after the Second World War, in 1950, GDP per capita had already exceeded pre-war levels by a significant margin, and the Soviet Union emerged as one of the two global superpowers, alongside the United States.

Graph and download economic data for Average Hourly Money Earnings in Payroll Manufacturing Industries for United States (A0850BUSA052NNBR) from 1920 to 1933 about payrolls, earnings, hours, manufacturing, industry, and USA.

Graph and download economic data for Average Hourly Earnings, Automobile Manufacturing for United States (M0807AUSM259NNBR) from Jun 1920 to Jul 1948 about earnings, vehicles, hours, manufacturing, and USA.

Graph and download economic data for Average Hourly Earnings, Wool Manufacturing for United States (M0831AUSM265NNBR) from Jun 1920 to Jul 1948 about wool, earnings, hours, manufacturing, and USA.

Graph and download economic data for Average Hourly Earnings, Paper and Pulp for United States (M0835AUSM265NNBR) from Jun 1920 to Jul 1948 about wood, paper, earnings, hours, and USA.

Graph and download economic data for Average Hourly Earnings, Leather Tanning and Finishing for United States (M0804AUSM265NNBR) from Jun 1920 to Jul 1948 about leather, finished, earnings, hours, and USA.

At the turn of the twentieth century, the wealthiest one percent of people in the United Kingdom controlled 71 percent of net personal wealth, while the top ten percent controlled 93 percent. The share of wealth controlled by the rich in the United Kingdom fell throughout the twentieth century, and by 1990 the richest one percent controlled 16 percent of wealth, and the richest ten percent just over half of it.