Reply to thread

Message

<blockquote data-quote="rickyb" data-source="post: 4874435" data-attributes="member: 56035">let me help explain some of it:[ATTACH=full]338762[/ATTACH]&quot;<a href="https://www.epi.org/publication/swa-wages-2019/#fig-e" target="_blank">Slow wage growth persists:</a> Consistent positive wage growth has occurred in only 10 of the last 40 years.[URL unfurl=&quot;true&quot;]https://www.epi.org/publication/swa-wages-2019/[/URL]Without the wage growth spurred by exceptionally low unemployment in the late 1990s and the last five years, wages for most workers would be lower today (in real terms) than they were 40 years ago.<h2>1979–2019: Slow wage growth and rising inequality has been the norm over the last 40 years</h2><h4>Wages for the vast majority have grown slower than their potential and much slower than for those at the top.</h4>Since 1979, “real” (inflation-adjusted) hourly pay for the vast majority of American workers has diverged from economywide productivity, and this divergence is at the root of numerous American economic challenges. Figure A displays productivity and hourly compensation from 1947 to 2018. After tracking rather closely in the three decades following World War II, growing productivity and typical worker compensation diverged. From 1979 to 2018, productivity grew 69.6%, while hourly compensation of production and nonsupervisory workers grew just 11.6%. Productivity thus grew six times as fast as typical worker compensation.&quot;i arrest your face</blockquote>

[QUOTE="rickyb, post: 4874435, member: 56035"] let me help explain some of it: [ATTACH type="full" alt="1621912782906.png"]338762[/ATTACH] "[URL='https://www.epi.org/publication/swa-wages-2019/#fig-e']Slow wage growth persists:[/URL] Consistent positive wage growth has occurred in only 10 of the last 40 years. [URL unfurl="true"]https://www.epi.org/publication/swa-wages-2019/[/URL] Without the wage growth spurred by exceptionally low unemployment in the late 1990s and the last five years, wages for most workers would be lower today (in real terms) than they were 40 years ago. [HEADING=1]1979–2019: Slow wage growth and rising inequality has been the norm over the last 40 years[/HEADING] [HEADING=3]Wages for the vast majority have grown slower than their potential and much slower than for those at the top.[/HEADING] Since 1979, “real” (inflation-adjusted) hourly pay for the vast majority of American workers has diverged from economywide productivity, and this divergence is at the root of numerous American economic challenges. [B]Figure A[/B] displays productivity and hourly compensation from 1947 to 2018. After tracking rather closely in the three decades following World War II, growing productivity and typical worker compensation diverged. From 1979 to 2018, productivity grew 69.6%, while hourly compensation of production and nonsupervisory workers grew just 11.6%. Productivity thus grew six times as fast as typical worker compensation." i arrest your face [/QUOTE]

Verification