November 14, 2013

THE GOAL IS WEALTH CREATION:

U.S. third-quarter productivity climbs 1.9% (Jeffry Bartash, 11/14/13, MarketWatch) 

U.S. productivity increased by a 1.9% annual rate in the third quarter, slightly faster than revised pace in the prior period, the Labor Department said Thursday. 




Our Economic Pickle (STEVEN GREENHOUSE, 1/13/13, NY Times)

Wages have fallen to a record low as a share of America's gross domestic product. Until 1975, wages nearly always accounted for more than 50 percent of the nation's G.D.P., but last year wages fell to a record low of 43.5 percent. Since 2001, when the wage share was 49 percent, there has been a steep slide. [...]

From 1973 to 2011, worker productivity grew 80 percent, while median hourly compensation, after inflation, grew by just one-eighth that amount, according to the Economic Policy Institute, a liberal research group. And since 2000, productivity has risen 23 percent while real hourly pay has essentially stagnated.

Posted by at November 14, 2013 11:42 AM
  

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