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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (302025)	9/1/2006 7:16:05 PM
From: TimF	Respond to of 1575791

I wonder -- not sarcastically, but sincerely -- where Krugman's data on employee benefits come from. After spending too much time fruitlessly scouring the BLS site for such data, I asked the BLS for such data. I was told that the BLS "does not provide either total compensation nor non-wage benefits for non-supervisory workers. We produce only earnings data for non-supervisory workers." The BLS does have a data series on annual-percentage-rate changes in real total compensation for all nonfarm employees. (Russ cited it in this recent post; it's Series #PRS85006152.) According to this series real nonfarm-worker total compensation has increased about 40 percent since December 2000 -- but much or all of this increase might be due to increases in real compensation paid only to the economy's most bodaciously rich workers. But who knows? How does Krugman know? cafehayek.typepad.com