(Source: Lawrence Mishel)
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Chart of the Day: Productivity Growth vs. Median Compensation Growth, 1948 to 2011
(Source: Lawrence Mishel)
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[…] were told that it was a new era. We were told that we needed to sacrifice our job security, our wage increases, our retirement benefits — all in the name of globalization. We were told that America […]
[…] disappear, replaced by low-wage, no-benefit service jobs — if they’re replaced at all. Wages for the average worker will decline relative to inflation. Most households will have to work more hours just to maintain […]