Workers reap few benefits as U.S. productivity grows
Since the 2001 recession, the American work force has contributed to a robust 20 percent growth in productivity, as measured by the gross national product.
Yet seven years into this economic cycle, most middle-class American households (aka, the WHINERS... Ed.) have less inflation-adjusted income than they had when it started...
Particularly notable about the stagnant pay is that it affected not just the lowest-paid or least-skilled, but college-degreed, professional workers as well.
The exception in compensation gains was for the top 1 percent of earners, who have considerably widened the pay gap between themselves and other workers. (YAY! Ed.)
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