3 ms·
The main problem statistically is how we account income. Generally the employer-paid health insurance and other benefits are not included, even though these can
by Hyena 15y ago
The main problem statistically is how we account income. Generally the employer-paid health insurance and other benefits are not included, even though these can often vastly increase total compensation. Scott Winship did a good job following this but tends to shade into triumphalism.
- scarmig 15y agoAt least the top graph about productivity refers to "overall compensation." I don't have a chance to find the original source for the numbers, but unless the graph has been grossly mislabeled, benefits are probably included.
- Hyena 15y ago"Overall compensation" refers to salary plus bonus and options, rarely does it include things like health insurance, employer payroll taxes and the like. If it did, the lower numbers would be much higher than they are, IIRC.