Not-seasonally-adjusted, the average hourly earnings of all employees grew by 1.88% between December 2012 and December 2013, to $24.30 from $23.85.
For the latest similar period ending in December 2014, average hourly earnings grew by 1.06%, a decline in the rate of growth of almost 44%, to $24.56.
This is pretty surprising given the enormous gains made by the stocks of corporations in 2013, up nearly 30%, and in 2014, up 11%.
Obviously the gains are accruing to the stockholders, not the workers who are viewed as a cost, not an asset.
