Methodological Choices Create Apparent Gap Between Productivity and Compensation
Created on May 31, 2016
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Note: Data on all employee compensation comes from the National Income and Product Accounts and covers all employees but not the self-employed.Sources: Heritage Foundation calculations using data from Bureau of Economic Analysis, National Income and Product Account Tables, Tables 1.9.4, 1.9.5, 1.12, 1.13, and 6.2, http://www.bea.gov/iTable/index_nipa.cfm (accessed December 8, 2015); Bureau of Labor Statistics, Major Sector Productivity, unpublished data on hours worked in the non-farm business sector, compensation inflation adjusted with the implicit price deflator for net value added in the non-farm business sector.
CHART 3 • BG 3088
Tags: compensation-growth, productivity-growth