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Jeremy Horpedahl: Average hourly wage doubled in two decades

Jeremy Horpedahl: Average hourly wage doubled in two decades
Hourly wage doubled, gas hit $4 in 2008

Jeremy Horpedahl notes that over the past 20 years, the average hourly wage has doubled, increasing from $16 to $32.

He also points out that a person living in 2006 would have already experienced $4 per gallon gas prices by 2008.

Horpedahl has previously noted that U.S. GDP per capita has increased by about $60,000 over time, surpassing gains in other nations (link). He also reported that while three quarters of Americans view their own finances positively, only a quarter assess the national economy as good (link). These earlier observations provide additional context to his recent comments on wage growth and fuel prices.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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