Common hourly wages in building, manufacturing and nonsupervisory employees, in 2023$ (CPI deflated):
Determine 1: Common hourly earnings in building, manufacturing and nonsupervisory employees, in 2023$ (blue, left log scale), and ratio of overseas born to complete employed (tan, proper scale). NBER outlined peak-to-trough recession dates shaded grey. Supply: BLS by way of FRED, NBER and creator’s calculations.
Notice that actual wages in building have been basically flat pre-family separation coverage implementation, jumped thereafter, and accelerated progress after “zero tolerance” coverage implementation.
