U.S.A. Real Hourly Compensation Measure
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See: Labor Compensation Measure, Adjusted Economic Measure, USA Economy.
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. Real hourly compensation grew at an average annual rate of 1.7 percent over the 63-year period. Since the 1970s, real hourly compensation has grown more slowly than productivity.