productivity jumped almost 20 percent since 2000 ,,, wages rise 3% ... fall 1.1 percent since 2003

GDP growth not reaching paychecks | September 3 2007: 12:09 PM EDT

The economic recovery that began in 2001 has lifted productivity growth and employment of late, but has had little impact on many workers' wages.

NEW YORK (CNNMoney.com) -- The economic expansion that began six years ago has failed to benefit most workers, according to a report from the nonpartisan Economic Policy Institute, released Monday.
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After rising quickly in the second half of the 1990s, most workers real wages have been stagnant in the 2000s, especially since 2003.

While productivity jumped almost 20 percent since 2000, the real median hourly wage of all workers rose just 3 percent in the same period. Since 2003, productivity has risen 5 percent, while the median hourly wage fell 1.1 percent.
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Yet, in the period between 2003 and 2007, wage gains for median workers, male and female, as well as high school and college workers have all been flat or falling.

Not so for workers at the highest end of the wage scale. At the 95th percentile, real wages have risen 9.4 percent since 2000 and 5.1 percent since 2003. ...
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One of the reasons for the discrepancy between growth and productivity and real wages is that workers' bargaining power has diminished during the period, the report showed.

Although the unemployment rate has been low in historical terms, it doesn't fully reflect the problems in the labor market caused by weak job growth or workers withdrawing from the labor force altogether. ...