Transcription of Productivity and Compensation: Growing Together
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Productivity and Compensation: Growing Together
BACKGROUNDERKey PointsProductivity and compensation : Growing TogetherJames SherkNo. 2825 | July 17, 2013 Today, many policymakers believe mistakenly that employees no longer to enjoy the fruits of their labor. They contend compensation growth has lagged far behind produc-tivity growth . The claims are false. They rest on mistaken comparisons of economic data. Looking at total compensa-tion including benefits and using consistent measures of inflation eliminate over three-quarters of the apparent gap between pay and Productivity . Government policies should focus on measures that enable Americans to become more productive and command higher pay such as reducing the cost of higher education, or reducing regulatory costs that slow the economic recovery and labor wisdom holds that worker Productivity has risen sharply since the 1970s while worker compensation has stagnated.
Productivity and Compensation: Growing Together James Sherk ... ty-driven economic growth does not necessarily benefit American workers. ... 8. Stephen Rose, “Does Productivity Growth Still Benefit Working Americans? Unraveling the Income Growth Mystery to Determine How Much
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