Saturday, February 21, 2015

Fact of the Day

Between 1979 and 2013, productivity in the U.S. grew 64.9 percent, while hourly compensation of production and nonsupervisory workers, who comprise over 80 percent of the private-sector workforce, grew just 8.0 percent. Productivity thus grew eight times faster than typical worker compensation.

U.S. households earn $18,000 less than they would had wages kept pace with productivity. Canadian workers are paid at least $15,000 per year less than they would be had their wages kept pace.

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