Labor Compensation Measure
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A Labor Compensation Measure is an business cost measure of wages, salaries, and benefits paid to workers.
- Context:
- It can be a Unadjusted Labor Compensation Measure or an Adjusted Labor Compensation Measure.
- Example(s):
- Counter-Example(s):
- See: Work, Wage, Compensation-Productivity Gap.
References
2011
- (Fleck et al., 2011) ⇒ Susan Fleck, John Glaser, and Shawn Sprague. (2011). “The compensation-productivity gap: a visual essay.” In: Monthly Labor Review Online, 134(1).
- QUOTE: Real hourly compensation is the hourly cost to businesses, adjusted for price changes, of wages, salaries, and benefits paid to workers.