CHART: Republican Presidents’ Depressing Record On Wage Growth

Wage growth has failed to keep up with record-setting corporate profits, and wages as a percent of gross domestic product reached an all-time low after the Great Recession, as BusinessInsider’s Henry Blodget noted today. Wages as a percentage of the economy have fallen precipitously since their peak in the 1960s, when the minimum wage reached its maximum buying power and the middle class was strongest. Interestingly, Republican presidents, whose failed supply-side policies have led to given them significantly weaker job creation records than their Democratic counterparts, have presided over the three steep declines in wages as a percentage of the economy, as this chart from ThinkProgress’ Adam Peck shows: