Large Productivity-Compensation Gap in U.S.


by Steven Davies on Jun 3, 2013 | Views: 13 | Score: 0
ProductivityReal Hourly Compensation
1970100100
1971106.5101.4
1972111103.3
1973116.6104.7
1974113.8104.7
1975117.7107.7
1976124.1110.2
1977128.8112.7
1978129.9113.2
1979131.7113.2
1980130.7114
1981137.8114.5
1982139117.9
1983148.8116.5
1984153115.8
1985158.5117.6
1986161120.9
1987172.2120.7
1988178.8120.6
1989179.8119.1
1990181.9118.9
1991187121.6
1992194.2124.2
1993199.3124
1994207.6124.4
1995214.7123.4
1996222.1122.2
1997231.2122.6
1998243.4128.4
1999258.2131.3
2000278.3136.8
2001284138.2
2002313.3143.4
2003339.9151.5
2004369.6148.7
2005386.7148.7
2006399.9146.9
2007421147.4
2008412.9148
2009430154.7
2010478.3153.9
2011487.9153.1
Productivity and compensation indexes (manufacturing)
Sources: bls.gov
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Steven Davies
Steven Davies on Jun 3, 2013 3:06 PM said:

This chart measures the gap between productivity and real hourly compensation in manufacturing in the U.S. from 1970 to 2011. The indexes are based on output per hour and the corresponding compensation provided. The gap is widening, indicating that there was opportunity lost for increases in income for employees.