The latest wage data released by the Bureau of Labor statistics show that in 2007, when accounting for inflation, workers saw about a 1% decrease in pay. Average weekly earnings rose by 3.4 percent, seasonally adjusted, from December 2006 to December 2007. After deflation by the CPI-W, average weekly earnings decreased by 0.9 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $605.96 in December 2007, compared with $578.67 a year earlier. Disturbingly, this is nothing new. Since 2001, real median weekly earnings have declined year-over-year three times resulting in a net reduction in worker pay in that time period. (click on image to enlarge)