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Drivers' salaries are seeing "unprecedented" jumps, Gordon Klemp, principal of the National Transportation Institute, said. But analysts say the increases aren't enough to make up for the drop in drivers' real wages since the 1970s and '80s. According to a Business Insider analysis of Bureau of Labor Statistics data, truckers' hourly pay, when adjusted for inflation, has dropped by as much as 35% in some places.
"Wages are so far below what they need to be that we're having issues finding drivers," David Ross, managing director of the St. Louis business bank Stifel, told Business Insider.
I have a cousin that works in the trucking industry. (management) She has been saying for years that there is a shortage.