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Wage growth has been flat because compensation has shifted from wages to benefits. Real compensation per hour has done nothing but increase. https://fred.stlou
by yummyfajitas 10y ago
Wage growth has been flat because compensation has shifted from wages to benefits. Real compensation per hour has done nothing but increase.
https://fred.stlouisfed.org/series/COMPRNFB https://fred.stlouisfed.org/series/COMPRNFB
- cmdrfred 10y ago98 dollars in 2004 to 105 dollars now is a downward trend once you factor inflation.
- yummyfajitas 10y agoThe data I cited already takes inflation into account. You can tell from the word "real" in the title of the series.
- cmdrfred 10y agoMy mistake. Still how much of this growth is hitting the poor and middle class as opposed to executives? My data excludes salaries above 100k.