[OC] Median Wages grew by less than 1% for early and mid career professionals between 2022 and 2023

Posted by Chithrai-Thirunal

7 comments

  1. [OC]

    Tools – PowerBI

    Data Source – BLS
    Article – [Read here](https://maarthandam.com/2025/01/04/young-professionals-and-mid-career-workers-saw-lowest-median-wage-growth-between-2022-and-2023/)

    Crux of the stats : For workers aged **15 to 24**, median income crept up from **$54,540 in 2022** to **$54,930 in 2023**, an increase of just **$390** or **0.72%**. 

    Those aged **35 to 44 years**, typically in mid-career roles, saw their median income rise by a mere **$800**, from **$100,500 in 2022** to **$101,300 in 2023**. This translates to a **0.80% increase**

  2. Wow, income statistics should always be presented this way. This is so much more useful than a single number.

  4. For anyone wondering this appears to be median household income and it was adjusted for inflation using the Consumer Price Index (C-CPI-U). Wage growth outpaced inflation for all age groups, but factors like changes in household size or changes to when people tend to complete their education could explain the different growth for each age group.

  6. What area does this apply to?
    From the numbers i would guess the US?

  7. Amazing. It’s almost like older people vote, and vote for policies that benefit older people.

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