Wednesday, August 21, 2013

A Decade of Flat Wages: Protracting The Long-term Trend

Wages for the typical U.S. worker did not rise at all in the 2000s, and annual compensation only grew slightly, protracting a long term trend (since roughly the early 1970's) of declining labor share of the total product of the US economy. An extensive analysis has been produced by Lawrence Mishel and Heidi Shierholz in a new EPI briefing paper, which can be seen here.

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