Post by mikekerstetter on Mar 21, 2011 15:02:45 GMT -5
U.S. Wages Aren't Keeping Up With U.S. Productivity, EPI Says
Ever feel your work isn’t being adequately represented by the final amount on your paycheck?
Turns out that nagging sense of injustice isn’t just a hunch. A recent report by the Economic Policy Institute reveals that benefits and wages haven’t kept up with the increasing productivity of American workers, both in private and public sectors.
The report, “The Sad But True Story Of Wages In America,” by economists Lawrence Mishel and Heidi Shierholz, finds that American workers across the board -- whether in the private or public sector, high school- or college-educated –- "have suffered from decades of stagnating wages despite large gains in productivity." The trend isn’t new, either. Between 1979 and 2009, EPI says, U.S. productivity increased by 80 percent, while the hourly wage of the median worker has only gone up by 10.1 percent.
Read more at The Huffington Post
Ever feel your work isn’t being adequately represented by the final amount on your paycheck?
Turns out that nagging sense of injustice isn’t just a hunch. A recent report by the Economic Policy Institute reveals that benefits and wages haven’t kept up with the increasing productivity of American workers, both in private and public sectors.
The report, “The Sad But True Story Of Wages In America,” by economists Lawrence Mishel and Heidi Shierholz, finds that American workers across the board -- whether in the private or public sector, high school- or college-educated –- "have suffered from decades of stagnating wages despite large gains in productivity." The trend isn’t new, either. Between 1979 and 2009, EPI says, U.S. productivity increased by 80 percent, while the hourly wage of the median worker has only gone up by 10.1 percent.
Read more at The Huffington Post
