Updated July 6, 2017
Since 2006, wages have risen 12.3 percent overall in the US. But when you factor in inflation, "real wages" have actually fallen 7.5 percent. In other words, the income for a typical worker today buys them less than it did in 2006. The PayScale Real Wage Index incorporates the Consumer Price Index (CPI) into The PayScale Index (which tracks nominal wages) and looks at the buying power of wages for full-time private industry workers in the U.S.