9/5/2011
As people in Ohio battle to repeal an attack on collective bargaining rights, there’s new data showing worker wages there have fallen since 2000. Jesse Russell reports.
Ohioans that are lucky enough to be employed are on average earning less. A study recently released by Policy Matters Ohio discovered that the median hourly wage in Ohio has fallen by 86 cents since the year 2000. The median wage is now $15.16 per hour, down from $16.02 per hour – a pay cut of nearly $2000 for full time hourly workers. That wage drop isn’t completely universal in the state. The top 10 percent actually saw their median wages increase by 2.4 percent. The median wage loss for the bottom 50 percent of wage earners was 5.4 percent. The drop in wages in the state likely isn’t a surprise to economists. According to the study Ohio was responsible for a quarter of the job losses in the United States during the last decade and when the unemployed do find new work it tends to be at a lower wage.
Ohio wasn’t alone when it comes to states seeing a wage cut. The Buckeye State leads a pack of ten states where wages went in the opposite direction of the national average. Tennessee and Michigan both saw hourly wages decline by more than 70 cents. Nationally the median wage has increased over the last decade by 51 cents per hour.
As people in Ohio battle to repeal an attack on collective bargaining rights, there’s new data showing worker wages there have fallen since 2000. Jesse Russell reports that Ohioans that are lucky enough to be employed are on average earning less.
A study recently released by Policy Matters Ohio discovered that the median hourly wage in Ohio has fallen by 86 cents since the year 2000. The median wage is now $15.16 per hour, down from $16.02 per hour – a pay cut of nearly $2000 for full time hourly workers.
That wage drop isn’t completely universal in the state. The top 10 percent actually saw their median wages increase by 2.4 percent.
The median wage loss for the bottom 50 percent of wage earners was 5.4 percent. The drop in wages in the state likely isn’t a surprise to economists.
According to the study Ohio was responsible for a quarter of the job losses in the United States during the last decade and when the unemployed do find new work it tends to be at a lower wage.
Ohio wasn’t alone when it comes to states seeing a wage cut. The Buckeye State leads a pack of ten states where wages went in the opposite direction of the national average. Tennessee and Michigan both saw hourly wages decline by more than 70 cents. Nationally the median wage has increased over the last decade by 51 cents per hour.
Think about that for a minute. Nationally the median wage has increased about five cents per hour each year for the past decade.
Wow, those unions are really beating up the business community, aren't they?
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