10 Charts of 2012: Impact of Hours Worked on Wage Growth

Source: Economic Policy Institute

Source: Economic Policy Institute

We saw earlier that there has been some wage growth for lower income families in recent decades.  Today’s chart, again from the Economic Policy Institute’s State of Working America, shows that much of this income growth can be attributed to more hours being worked in the household as opposed to higher hourly wages.  This means fewer stay-at-home parents and more second and third jobs.

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