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Up until about 1973, when worker productivity rose, the wages rose in lockstep. Since then, worker productivity is up about 2.4x but wages have remained stagna
by rhelz 3y ago
Up until about 1973, when worker productivity rose, the wages rose in lockstep. Since then, worker productivity is up about 2.4x but wages have remained stagnant.
https://www.epi.org/publication/charting-wage-stagnation/ https://www.epi.org/publication/charting-wage-stagnation/
- pas 3y agoFYI that graph is very misleading (using different deflators for the productivity and for the hourly comp, also it's missing benefits and other parts of total compensation that are all paid by productivity increases) https://www.reddit.com/r/badeconomics/comments/6rtoh4/productivity_pay_gap_in_epi_we_trust/ https://www.reddit.com/r/badeconomics/comments/6rtoh4/produc...