For the average worker, prices rose faster than wages in 9 out of 12 months last year.
Production and nonsupervisory worker did slightly better, losing money 8 out of 12 months. They showed a slight gain in July as well.
In in nominal terms, production workers made $4.05 per hour in February of 1973. Today they only make $26.43 per hour.
In real terms, production workers made $9.38 per hour in February of 1973. Today they only make $9.66 per hour.