DAYTON, Ohio (AP) — A new report says Ohio workers are more productive and better educated, but they aren’t necessarily making more money as a result.
Ohio productivity grew by nearly 67 percent between 1979 and 2013, while median hourly wages fell by 1.1 percent when adjusted for inflation. That’s according to a recent analysis of jobs data from Policy Matters Ohio, a Cleveland-based economic think tank.
Ohio’s median wage was $15.81 last year, slightly above 2012 but well below the highs of $17.11 and $17.12 in 1999 and 1979. The report says Ohio’s median wage is now nearly 90 cents less per hour than the national median.
Economists tell the Dayton Daily News that much of the productivity improvement in recent years has been driven by technology, which requires fewer workers.
Information from: Dayton Daily News, http://www.daytondailynews.com