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Another possibility is to look at the compensation for upper management. C-level officers are usually paid in stock as well as cash, but the staff reporting dir
by crpatino 10y ago
Another possibility is to look at the compensation for upper management. C-level officers are usually paid in stock as well as cash, but the staff reporting directly to them are salaried employees.
If you actually look at the graph (presented in the same article) it does not look like "the trend is reversing" at all. It rather looks like a very clear downwards trend with a strong cyclic component. So, when the times are good, the salaried bosses might just be handing out productivity bonuses to their reports, and passing the bill to the shareholders.
- maxerickson 10y agoBroad measures of wages are also showing growth.
- jackcosgrove 10y agoExactly, take away the cyclical component of the wage graph and it's still trending down.
- No1 10y ago> C-level officers are usually paid in stock as well as cash, but the staff reporting directly to them are salaried employees. A great point, but note that the writer considers C-level officers to be workers in this case. The headline might as well be Workers Pay Probably Keeping up with Inflation, Execs Doing Great, but that's not really news.
- heimatau 10y agoVery very true. I'm doing research on this. Chart 3 demonstrates this clearly. Non-management workers are receiving less compensation. http://0-search.ebscohost.com.skyline.ucdenver.edu/login.aspx?direct=true&db=f5h&AN=85698541 http://0-search.ebscohost.com.skyline.ucdenver.edu/login.asp... - Note, sorry it's behind a pay wall. Alt cite: MAGDOFF, F., & FOSTER, J. B. (2013). Class War and Labor's Declining Share. Monthly Review: An Independent Socialist Magazine, 64(10), 1. EDIT: Was able to find a public link, through Google Scholar: http://search.proquest.com/openview/4be2b770b6d137e018c146e52bba4a45/1?pq-origsite=gscholar http://search.proquest.com/openview/4be2b770b6d137e018c146e5...