With all the talk about precision manufacturing as a strength for Connecticut — and it’s true, the durable goods made here contribute mightily to the state equivalent of GDP — the workers in this field are not sharing in the benefits.
First of all, there are far fewer workers. Ten years ago, there were 148,000 durable goods manufacturing employees in Connecticut. In January, there were about 127,000. That’s 1,700 fewer than in January 2012.
For those that remain, they make less money on average, when adjusted for inflation, than they did five years ago.
That’s both because the average hourly wage in 2012 was lower than it was in 2009 and because there’s less overtime available. Weekly earnings in 2012 were lower than they were in 2007, after taking inflation into account.
In today’s dollars with no adjustment for inflation, production workers in all manufacturing jobs, durable and nondurable, earned an average of $22.58 an hour in Connecticut in January, down from $24.93 a year earlier. Average weekly pay was $999.69 in January 2012, and fell to $914.49 in January 2013.
For more, visit page three of the Connecticut Economic Digest, released Friday.