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Ok, branching from your previous post again, why isn't what you're describing happening? https://fredblog.stlouisfed.org/2023/03/when-comparing-wages-and-worke
by croon 5mo ago
Ok, branching from your previous post again, why isn't what you're describing happening?
https://fredblog.stlouisfed.org/2023/03/when-comparing-wages-and-worker-productivity-the-price-measure-matters/ https://fredblog.stlouisfed.org/2023/03/when-comparing-wages...
- WalterBright 5mo agoThe article starts out being wrong by using wages rather than total compensation. The latter is the complete pay package, which includes paid time off, health insurance benefits, retirement benefits, etc. These typically add about 40% to the wages/salaries.
- croon 5mo agoThis doesn't matter when the entire graph uses the same data. The growing divergence isn't because of differing accounting.