{"database": "press", "table": "releases", "rows": [["https://sanders.senate.gov/newsroom/news/?id=67330205-4852-4CA1-914F-CFBEF87FFC13", "Stagnant Wages Are Crimping Economic Growth", "2013-08-26", "2013", "2013-08", "Independent", "House", "VT", "Bernard Sanders", "S000033", "sanders.senate.gov", null, null, "legacy", "Stagnant Wages Are Crimping Economic Growth\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\n\t\t\t By:\u00a0 Neil Shah \n\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\tMonday, August 26, 2013\n\t\t\n\t\t\n\t\n\t\t\n\t\tAmericans are spending enough to keep the economy rolling, but don't expect them to splurge unless their paychecks start to grow.\r\nFour years into the economic recovery, U.S. workers' pay still isn't even keeping up with inflation. The average hourly pay for a nongovernment, non-supervisory worker, adjusted for price increases, declined to $8.77 last month from $8.85 at the end of the recession in June 2009, Labor Department data show.\r\nStagnant wages erode the spending power of consumers. That means it is harder for them to make purchases ranging from refrigerators to restaurant meals that account for most of the nation's economic growth.\r\nEconomists blame three factors:\r\nEconomic growth remains sluggish, advancing at a seasonally adjusted annual pace of less than 2% for three straight quarters\u2014below the prerecession average of 3.5%. That effectively has put a lid on inflation, which has been near or below the 2% level the Federal Reserve considers healthy for the economy. With demand for labor low, prices not rising fast and 11.5 million unemployed searching for work, employers aren't under pressure to raise wages to retain or attract workers.\r\nBusinesses are changing how they manage payrolls. Economists at the Federal Reserve Bank of San Francisco in a recent paper said that, in the past, companies cut wages when the economy struggled and raised them amid expansions. But in the past three recessions since 1986\u2014and especially the 2007-2009 downturn\u2014companies minimized wage cuts and instead let workers go to keep remaining workers happy. As a result, to compensate for the wage cuts that never were made, businesses now may be capping wage growth. \"As the economy recovers, pent-up wage cuts will probably continue to slow wage growth long after the unemployment rate has returned to more normal levels,\" the researchers said.\r\nContinue reading here.", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://sanders.senate.gov/newsroom/news/?id=67330205-4852-4CA1-914F-CFBEF87FFC13"], "units": {}, "query_ms": 0.8167040068656206, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}