WASHINGTON -- Declining wage growth is adding to the discouraging employment picture, leaving cash-strapped workers unable to help boost the recovery, the National Employment Law Project said.
One big way lawmakers could help is to raise the minimum wage and index it to inflation, the worker advocacy group said.
“Increasingly, Americans are finding that low-wage jobs are their only option,” said Christine Owens, NELP's executive director.
Average hourly wages for all private-sector workers increased in March at a 2.1% annualized growth rate, well below the 3.3% growth rate when the Great Recession began in December 2007, according to a report from the group.
But when adjusted for inflation, real hourly wages fell 0.6% for all private-sector workers in the year ending in March, the group said. The drop was a steeper 1% for nonsupervisory and production workers.