Inflation Adjusted Average Wages in Spokane County
August 12, 2011 Leave a comment
Good news – inflation adjusted average wages in Spokane County have gone up from 1990 to 2010.
Bad news – wage growth from 2001 to 2000 was 13.7% but wage growth from 2001 to 2009 was 5.5%.
- The second period was selected to start from the lowest post 2000 wage (the bottom in 2001) to the end of the series in 2010.
- The first period was selected to start in 1991 and run to 2000 (local peak) so that the same number of years would be in both groups.
What it means: Wage growth in Spokane was much lower after the peak in 2000 and is now growing less than half as fast as prior years.
Oddity: Why did average wages shoot up in 2008 and 2009 in the midst of the worst recession since The Great Depression? Lower wage earners were laid off their jobs. Eliminating lower wage workers causes the average to rise.
Bottom line: Since 2000, average pay in Spokane has risen at a slower rate than prior to 2000. That’s unfortunate.
Reminder: The “average” is not the same as the “median”.
- Spokane Median Income Growth Rate (inlandnw.wordpress.com)
- Spokane County Average Wages (not adjusted for inflation) (inlandnw.wordpress.com)
- Percent of Spokane High School Seniors Taking the SAT Exam (inlandnw.wordpress.com)
- Caterpillar Announces New Parts Distribution Center in Spokane (inlandnw.wordpress.com)
- Spokane Median Income Trend versus State of Washington Median Income Trend (inlandnw.wordpress.com)
- Spokane, King County and Washington inflation adjusted household median income charts (inlandnw.wordpress.com)
- Spokane’s economic plan du jour (inlandnw.wordpress.com)