@edgarblythe,
On wage stagnation.
Workers produced much more, but typical workers’ pay lagged far behind
Disconnect between productivity and typical worker’s compensation, 2000 to 2013
Year Hourly
compensation Productivity
2000 93.03% 179.18%
2001 95.70% 183.50%
2002 99.61% 191.43%
2003 101.80% 200.93%
2004 101.11% 209.10%
2005 100.21% 214.53%
2006 100.31% 216.46%
2007 101.83% 218.75%
2008 101.95% 219.36%
2009 109.88% 225.95%
2010 111.85% 235.39%
2011 109.27% 236.71%
2012 107.53% 240.85%
2013 108.86% 243.13%
Workers produced much more, but typical workers’ pay lagged far behind: Disconnect between productivity and typical worker’s compensation, 1948–2013
Note: Data are for compensation (wages and benefits) of production/nonsupervisory workers in the private sector and net productivity of the total economy. "Net productivity" is the growth of output of goods and services less depreciation per hour worked.
Source: EPI analysis of Bureau of Labor Statistics and Bureau of Economic Analysis data
Updated from Figure A in Raising America’s Pay: Why It’s Our Central Economic Policy Challenge