For the Middle Class, Wages Are Pretty Much the Whole Story

As I mentioned a few days ago, benefits have risen a little faster than cash wages lately:

U.S. employers are boosting benefits—including bonuses and vacation time—at a faster pace than salaries, a move that gives them more flexibility to dial back that compensation if the economy turns sour. The cost of benefits for private-sector employers rose 3% in June from a year earlier, while the cost of wages and salaries advanced 2.7%, the Labor Department said Tuesday.

This is not a huge difference, and it looks worse if you break it down by type of benefit:

Call me cynical, but without bothering to check this out I think it’s safe to say that bonuses and retirement pay are heavily skewed in favor of the affluent and the rich. For ordinary working-class and middle-class workers, total compensation has probably risen a hair faster than cash wages, but that’s all. What this means is that when you see the annual earnings reported by the Census Bureau—which is what all of us rely on for basic wage data—it’s pretty close to total compensation data. Total comp for the middle class may be growing faster than wages alone, but only by a tiny bit.

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is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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