SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (301944)9/1/2006 6:51:00 PM
From: TimF  Read Replies (1) of 1575424
 
most workers have seen their wages lag behind inflation and their benefits deteriorate.

That's a rather questionable statement. For the past year the wages plus benefits have gone up. Before the past year the record is mixed, but even looking at the statistics the more negative statistics its questionable that MOST workers have had a real earnings decline (although perhaps most have had a real wage decline depending on the period you select, but wages aren't 100% of income). And the increased inequality is mainly something that happened before Bush took office.

I've already posted links to the data on this thread, just recently.

For some more data -
"There are two claims here. The first is that labor is getting an increasingly small share of the economic pie. The second is that taking account of compensation (which the authors have ignored till now and are mentioning here in passing) isn't enough to keep workers ahead of inflation.

Both of these claims are puzzling. The first claim, about labor's share of the pie ignores benefits. As I have mentioned here before--the standard claims you hear about labor's share declining come from using wages without other forms of compensation. When you include benefits, labor's share is virtually a constant at 70% of national income and has been steady since the end of World War II, as this St. Louis Fed report shows:"
cafehayek.typepad.com

Also see
gregmankiw.blogspot.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News