mjt on Nostr: Can’t remember how to add text for graphic, so here’s the text on the ...
Can’t remember how to add text for graphic, so here’s the text on the accompanying graph:
“The gap between productivity and a typical worker's
compensation has increased dramatically since 1979
Productivity growth and hourly compensation growth, 1948-2022
From 1948-1979, average annual growth in:
Productivity: 2.5%
Compensation: 2.4%
From 1979-2022, average annual growth in:
Productivity: 1.2%
Compensation: 0.3%
“The gap between productivity and a typical worker's
compensation has increased dramatically since 1979
Productivity growth and hourly compensation growth, 1948-2022
From 1948-1979, average annual growth in:
Productivity: 2.5%
Compensation: 2.4%
From 1979-2022, average annual growth in:
Productivity: 1.2%
Compensation: 0.3%