Monday, September 5, 2005

Report: Wages Going Down

 

Ohio News Now

 

A Cleveland think tank says the average Ohio worker has seen declining wages for four years.
 

In a report released this weekend, Policy Matters Ohio says productivity, education and weekly working hours have increased during that time.
 

The report's author say gains in worker productivity normally are mirrored by gains in compensation.
 

Amy Hanauer says profits are being routed to executives and to corporate growth rather than to workers.
 

She also faults sluggish growth in the service sector for failing to absorb hits taken in manufacturing firms.
 

In many states, job losses in manufacturing were tempered by gains in other economic areas.
 

Hanauer says in the report that last year's median hourly wage was $13.37, lower than its been since 1998.

 

 

Ohio News Now  09/05/2005

 

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Policy Matters Ohio   2912 Euclid Avenue   Cleveland, OH  44115

ph: 216/931-9922   fax: 216/931-9924

http://www.policymattersohio.org

Policy Matters Ohio is a non-profit policy research organization founded in January 2000 to broaden the debate about economic policy in Ohio. Our mission is to conduct high-quality research promoting decisions which benefit our whole community. Given the challenges of a rapidly-changing economic system, rising wage inequality, new issues in education and changes in the way work is organized, it is imperative that Ohio workers have a voice in the economic debate.

 

Policy Matters provides real-world analysis focused on issues that matter to low- and middle-income workers in Ohio. Our findings are accessible to the public, the media, and policy makers. We hope to strengthen democracy by providing Ohio's citizens with the essential tools to participate in the public discussion on the economy. We believe this will result in economic policies that better reflect the public interest.