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Among grocery store workers, the weekly wage decline was much greater for full-time workers and unionized workers.
Graduates in unlucky cohorts suffer a wage decline of 6-7% for each percentage-point increase in the overall unemployment rate.
Greece has managed a wage decline comparable to Germany's earlier drop, again, relative to the European average (and in a third of the time).
Economic research has not been able to estimate with any confidence the wage decline for native workers that results from immigration.
In surveys, workers reported a dramatic result of the wage decline described above: they now suffer double the rate of "low" and "very low" food security as the general U.S. population.
Yet Greece, Spain, and Portugal continue to run substantial trade deficits.Here's one reason why:Back when Germany was developing its wage edge relative to the euro area its workers saw a nominal wage decline of 18% relative to the European average, but a much larger wage adjustment relative to the periphery, where wages were rapidly rising.
Similar(40)
Education and human resources graduates also experienced sharp wage declines.
And the increase in wages would help reverse decades of wage declines for low-paid workers.
Yet in the same period, the real hourly wage declined by over 7%.
Joblessness and wage declines are also pronounced for those with only a high school education.
experienced higher than average real wage declines" in the years after the Great Recession.
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