Predating a

20-Oct-2017 22:14

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It shows that in the aftermath of World War II through the early 1970s, workers got paid more as the economy grew.

Median hourly compensation rose in tandem with productivity (the amount of economic output workers could produce per hour). While productivity kept growing, and the economy as a whole did too (with some temporary setbacks during recessions), the average worker’s pay package did not.

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The left-leaning Economic Policy Institute has been producing that graphic, and ones like it, for years now.“So the argument (of the right) has to be: cash market income of the bottom 99 percent of adults has stagnated but the bottom 99 percent get much more expensive private and government provided health care benefits, some more government transfers, and they have fewer kids,” Saez, who pioneered the use of tax data to study inequality, told the New York Times’s Thomas Edsall in 2012.

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