I hope that Wall-E is your favorite movie and Lil Wayne is your singer crooner rapper because your paycheck has gone back to 2008. The average salary for U.S. company workers has been reset to early 2008 levels according to data cited by Xconomy. According to data from PayScale, a Seattle-based firm that collects compensation data, the national trend shows that U.S. wages grew 5.4 percent from 2006 through the end of 2008. Wages decreased by about 1.4 percent during the recession in 2009, reaching their lowest point in the third quarter of that year. Average U.S. earnings have been pretty flat throughout 2010, roughly matching the level of the first quarter of 2008.
In Detroit the trend since mid 2008 has been more volatile than the U.S. trend (not unexpected). Wage increases in Motown were sluggish in 2007 and 2008 then in 2009 the bottom fell out of the car business and salaries followed. As of Q3 2009, the average wage in Detroit had dropped 3.1 percent from its peak in Q4 2008 according to PayScale. Pay in the D was up 1% in Q1 2010, down in Q2 and Q3 2010, and up again Q4 2010, with a net yearly wage increase of 0.4% over 2009.