It’s no secret that the US has seen disappointing wage growth over the last few months. Wage growth hit a record low for the second quarter, according to the employment cost index, released by the Bureau of Labor statistics earlier this month. Wages grew by a mere 0.2% — the smallest quarterly gain since 1982 when the series began. And furthermore, although some large US metro areas saw average wages go up over the last year, about of third of them saw wages drop. Still, this is nothing compared to the wages the average Russians are seeing. Over the past …read more
Source: Business Insider