Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LEU0252881600Q) from Q1 1979 to Q2 2025 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

The average real wages worldwide saw *********** every year since 2006. However, in 2022, the aftermath of the COVID-19 pandemic and the rising inflation rates in led to a decrease in real average wages worldwide. In 2023, real global wage growth was positive again.

In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

Wages in the United States increased 4.72 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Wages and Salaries Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, real wages in Japan dropped by *** percent, declining for the third consecutive year. In the past decade, the sharpest decline in real wages of establishments with five or more employees was recorded in 2014 at *** percent.

Wages in Russia increased 4.60 percent in April of 2025 over the same month in the previous year. This dataset provides - Russia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In May 2025, real wages in Japan decreased by *** percent compared to the same month of 2024, according to preliminary figures. Since 2023, the sharpest decline in real wages of establishments with five or more employees was recorded in January 2023 at *** percent.

Wages in Germany increased 1.20 percent in March of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Germany Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Real wages in the Eurozone showed a negative trend for the second year in a row, as high inflation caused the real value of wages to decline by almost *** percent. Real wage growth is measured by adjusting nominal wage growth - that is, the growth of wages in monetary values - for inflation, or changes in the average price of the basket of goods. This means that in 2023, a worker would be able to buy *** percent less than they would have in 2022, assuming their wages grew by the *** percent nominal wage growth which was seen across the Eurozone in 2023.

Graph and download economic data for Average Hourly Earnings of All Employees, Total Private (CES0500000003) from Mar 2006 to Jun 2025 about earnings, average, establishment survey, hours, wages, private, employment, and USA.

Avg Gross Monthly Wages Index: Real: per FTE Person data was reported at 104.200 Same Qtr PY=100 in Dec 2024. This records a decrease from the previous number of 104.700 Same Qtr PY=100 for Sep 2024. Avg Gross Monthly Wages Index: Real: per FTE Person data is updated quarterly, averaging 103.100 Same Qtr PY=100 from Mar 1998 (Median) to Dec 2024, with 108 observations. The data reached an all-time high of 108.100 Same Qtr PY=100 in Jun 2021 and a record low of 88.400 Same Qtr PY=100 in Sep 2022. Avg Gross Monthly Wages Index: Real: per FTE Person data remains active status in CEIC and is reported by Czech Statistical Office. The data is categorized under Global Database’s Czech Republic – Table CZ.G024: Real Wage Index.

Average weekly earnings for the whole economy, for total and regular pay, in real terms (adjusted for consumer price inflation), UK, monthly, seasonally adjusted.

Graph and download economic data for Nonfarm Business Sector: Real Hourly Compensation for All Workers (COMPRNFB) from Q1 1947 to Q1 2025 about per hour, compensation, sector, nonfarm, business, real, and USA.

Real Wages Index: VR: Perm Territory data was reported at 108.100 Prev Year=100 in 2024. This records a decrease from the previous number of 108.400 Prev Year=100 for 2023. Real Wages Index: VR: Perm Territory data is updated yearly, averaging 104.600 Prev Year=100 from Dec 1994 (Median) to 2024, with 31 observations. The data reached an all-time high of 117.500 Prev Year=100 in 2000 and a record low of 77.500 Prev Year=100 in 1999. Real Wages Index: VR: Perm Territory data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Demographic and Labour Market – Table RU.GC022: Real Wages Index: Previous Year=100: by Region.

This dataset provides values for WAGE GROWTH reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Wages in Slovakia increased 1 percent in March of 2025 over the same month in the previous year. This dataset provides - Slovakia Real Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in China increased to 120698 CNY/Year in 2023 from 114029 CNY/Year in 2022. This dataset provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Japan increased 1 percent in May of 2025 over the same month in the previous year. This dataset provides - Japan Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This paper re-examines whether the time series properties of aggregate consumption, real wages, and asset returns can be explained by a neoclassical model. Previous empirical rejections of the model have suggested that the optimal labour contract model might be appropriate for understanding the time series properties of the real wage rate and consumption. We show that an optimal contract model restricts the long-run relation of the real wage rate and consumption. We exploit this long-run restriction (cointegration restriction) for estimating and testing the model, using Ogaki and Park's (1989) cointegration approach. This long-run restriction involves a parameter that we call the long-run intertemporal elasticity of substitution (IES) for non-durable consumption but does not involve the IES for leisure. This allows us to estimate the long-run IES for non-durable consumption from a cointegrating regression. Tests for the null of cointegration do not reject our model. As a further analysis, our estimates of the long-run IES for non-durable consumption are used to estimate the discount factor and a coefficient of time-nonseparability using Hansen's (1982) Generalized Method of Moments. We form a specification test for our model à la Hausman (1978) from these two steps. This specification test does not reject our model.

Real Wages Index: FE: Jewish Autonomous Region data was reported at 108.700 Prev Year=100 in 2024. This records a decrease from the previous number of 108.900 Prev Year=100 for 2023. Real Wages Index: FE: Jewish Autonomous Region data is updated yearly, averaging 102.800 Prev Year=100 from Dec 1994 (Median) to 2024, with 31 observations. The data reached an all-time high of 126.700 Prev Year=100 in 2002 and a record low of 64.900 Prev Year=100 in 1995. Real Wages Index: FE: Jewish Autonomous Region data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Demographic and Labour Market – Table RU.GC022: Real Wages Index: Previous Year=100: by Region.