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Jun 30 2008
12:35PM
EDT
Chart of the Day: Young Baby Boomers and Earnings Growth
The Bureau of Labor Statistics recently released numbers on the labor market activity of the youngest Baby Boomers -- those borns between 1957 and 1964, a group which includes Democratic presidential candidate Barack Obama.
The decline in the annual earnings growth isn't surprising (to see why read this). What's more interesting is that compared to previous generations these annual rates of growth are much diminished, another sign of what reduced productivity can do to earnings: Between 1978 and 2006, the period the survey covered, the average annual growth in productivity was 1.85 percent while in the previous stretch that figure was 2.48 percent.
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