Change in Real Labor Market Compensation and Net Productivity
Created on May 31, 2016
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Note: Figures show inflation-adjusted labor market compensation, non-elderly households without children. Productivity figures differ from those in Chart 3 because this chart shows data for the total economy, not just the non-farm business sector, and goes back to 1979 instead of 1973. Sources: Heritage Foundation calculations using data from Congressional Budget Office, “The Distribution of Household Income and Federal Taxes, 2011,” Supplemental Data, November 12, 2014, Table 14, https://www.cbo.gov/sites/default/files/cbofiles/attachments/49440-Distribution-of-Income-Taxes_Supplemental_0.xlsx (accessed November 5, 2015); Bureau of Economic Analysis, National Income and Product Accounts, Tables 1.9.5 and 1.9.2, http://www.bea.gov/iTable/index_nipa.cfm (accessed December 8,2015); and unpublished data from the Bureau of Labor Statistics on total hours worked in the economy and total proprietors hours worked.
CHART 6 • BG 3088
Tags: compensation-growth, productivity-growth