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Comparing Productivity with Total Compensation with Inflation Adjusted with the PCE Price Index

Created on July 17, 2013

Comparing Productivity with Total Compensation with Inflation Adjusted with the PCE Price Index

CHART 5

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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