The average real monthly earnings of Oregon workers increased in the 1990s, was essentially flat from 2000 to 2014, and has been on the rise since. Recently, average earnings have been on the rise for all age groups, but different age groups have shown very different trends since 2000. Average monthly earnings have increased for all age groups over 35 years, but average earnings are now lower than they were in 2000 for workers younger than 35 years.
Oregon Prosperity Project,
The Washington Post, citing research from the American Enterprise Institute (AEI), recently addressed an important topic that should be part of the discussion when legislators debate several policy issues currently in the news. Luxury goods are falling in price while many necessities become more expensive.
While food and housing have increased in price by 60% over the past 20 years, items such as mobile phone service, televisions, computers and some toys have become less expensive, a chart from AEI shows. Some of the biggest price increases involve expensive purchases that help improve quality – and in some cases – length of life: college education, child care and health care.
Print This Post Email This Post