American workers are making less than official estimates show, according to new analysis.
U.S. workers earn a median weekly wage of $797, or $41,456 a year, according to the Ludwig Institute for Shared Economic Prosperity, which analyzed data up until 2020. That’s 19% below official estimates from the Bureau of Labor Statistics, a widely-used measure of pay.
The data also show a wider earnings disparity by race than traditional data. White workers’ wages rose 16% in the past two decades while Black Americans experienced a more tepid 7.9% advance. Labor Department figures show wages for the two groups rising at 12% and 10%, respectively.
“The bottom line is that
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