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Comparing Productivity with Total Compensation with Inflation Adjusted with CPI

Created on July 17, 2013

Comparing Productivity with Total Compensation with Inflation Adjusted with CPI

CHART 4

Change since Q1 1973

-7% Average Hourly Wages (CPI)

+30% Total Compensation (CPI)

+56% Total Compensation (PCE)

+77% Total Compensation (IPD)

+100% Productivity

log index

Source: Heritage Foundation calculations using data from the U.S. Department of Labor, Bureau of Labor Statistics, “Productivity and Costs,” http://www.bls.gov/lpc/data.htm (accessed June 15, 2013); and Bureau of Labor Statistics, Current Establishment Survey/Haver Analytics. Hourly wages are from the Current Establishment Survey and are defined as the average hourly earnings of production and nonsupervisory employees on nonfarm businesses.

B 2825

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