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What is 'real hourly compensation'?

• em500 1y ago
  It's economic jargon for what people are paid per hour for working (which can include non-direct payments such as healthcare and pensions), adjusted for inflation (for economists, "real" just means divided by CPI, as opposed to "nominal" which are the actual dollar amounts in the past). Data is collected through the National Compensation Survey: https://www.bls.gov/respondents/ncs/ https://www.bls.gov/respondents/ncs/