A big bite for the Big Apple

Yesterday's blog post quoted a survey talking about wage declines. U.S. Labor statistics confirm the trend.  In New York county (which is the same as New York city), weekly wages declined by 23.4 percent in a year to an average weekly wage of $2,149 during the first quarter. Across the United States, weekly wages dropped by $23, or 2.2 percent, to $882. Locally wages went down 0.5 to 2.4 percent depending on the county. The big exception? Camden County! Wages actually rose by a hair, 0.1 percent, to $877. 

Biggest losers were Montgomery and Delaware County, where wages dropped 2.4 percent to $1,162 in Montco and $941 in Delco. Weekly wages in Philadelphia county, aka the city, dropped to $1050 in Philadelphia, down 1.4 percent.  

Continue Reading