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They are using the term "Private-sector production/nonsupervisory workers annual compensation" which has a number of $58,680 for 1978??? Table is about a third of the way down the page. That seems really high. Compared to 2022 of $67,700 (which feels probably pretty close) that's where the 15.3% comes in. I'm not really sure that makes it any clearer though but does explain why minimum wage doesn't fit with the % change.
I'll agree with being very surprised if the average non-supervisor worker salary was $56,680 in 1978. Running that number in a couple pages comparing what that is in today's dollars is over $250k
Are you sure they haven't already adjusted the 1978 figure for inflation?
That makes it $12.5k/yr ish which looks a lot more reasonable.
They probably did. My parents combined didn't make $50k in the 70s. They didn't even make that by the late 80s at best. We were in the lower middle class. I'm pretty sure 50k in 78 would've been a lot of money. I recall the new family sedan costing about $7k in the mid 70s which works out to about $38k today... which is probably in the ball park.
1978 was when baby boomers were entering their 30's. Maybe that's why the $58,680/yr figure sounds high. It's my understanding that boomers made great money compared to newer generations (though I could be wrong about that; I'm no expert).