Simulated change in 2013 market-based poverty rate if wages had increased at same rate as productivity growth over 1979–2013 and if the economy were at full employment in 2013
Percentage point reduction by growing wages with average wage growth | ||
---|---|---|
Non-<br>elderly | 100% of poverty | -4.188 |
Age 18–64 | Male | -3.14 |
Female | -3.904 | |
White | -2.373 | |
Black | -5.445 | |
Hispanic | -6.722 | |
Children (under 18) | All children | -5.937 |
White | -3.384 | |
Black | -8.332 | |
Hispanic | -10.279 |
Note: The simulation assumes that wages increased in tandem with growth in "usable" productivity. See the technical appendix for details.
Source: EPI analysis of Current Population Survey Annual Social and Economic Supplement (ASEC) microdata