June 11, 2017

NO ONE HAS IT HARDER THAN THEIR FATHER DID:

The Amount of Your Compensation Going Toward Benefits Keeps Rising (JOSH ZUMBRUN, Jun 9, 2017, WSJ)

Every month, the Labor Department's jobs report helps shine a light on the growth of overall wages, which has been slow in recent years. But what gets far less attention are the other components of compensation -- health insurance, paid leave, retirement benefits -- that in recent years have generally outpaced wage growth, as shown in new Labor Department data released Friday. [...]

Taking inflation into account, the gap in growth rates between wages and benefits becomes starker. Real wages have grown just 4% in total since 2006, according to this report's measure. Real benefits have grown 12.4% over that period.

Posted by at June 11, 2017 5:11 PM

  

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