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Friday, September 14, 2012

The American Paycheck Buys Half As Much Gas As It Did 10 Years Ago

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Friday, September 14, 2012
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The American Paycheck Buys Half As Much Gas As It Did 10 Years Ago
Gas prices have been rising for 10 straight weeks.

Over the last decade, the price of gas has moved higher while wages have been driven lower. 

Here's a sad chart plotting how many gallons of gasoline can be bought at average U.S. hourly wage since 1998, from Reuters by way of Marc Chandler.

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