3 ms·
You're generally right. Total comp has increased, not stagnated, but only because employers have shifted compensation from wages to benefits (like healthcare).
by simonsarris 9y ago
You're generally right. Total comp has increased, not stagnated, but only because employers have shifted compensation from wages to benefits (like healthcare). Companies don't pay payroll taxes on those, so I assume they like this arrangement, even though it causes all sorts of problems when you couple job + healthcare.
Healthcare is the new company car.
Total compensation (including non-wage benefits): http://research.stlouisfed.org/fred2/series/RCPHBS http://research.stlouisfed.org/fred2/series/RCPHBS
Cost index (attempts to control for composition changes): http://research.stlouisfed.org/fred2/series/ECICOM http://research.stlouisfed.org/fred2/series/ECICOM
- moorhosj 9y agoMeanwhile, corporate profits as % of GDP are historically high: https://fred.stlouisfed.org/graph/?g=fPLQ https://fred.stlouisfed.org/graph/?g=fPLQ
- tryptophan 9y agoThis can explained by the fact that US companies are doing an increasing share of their business in non-US countries.
- moorhosj 9y agoIs the inverse of this not true? Are non-US companies doing more of their business in the US?