![]() ![]() The effects have been felt broadly: During this time 90% of U.S. Inequality will stop rising, and paychecks for typical workers will start rising robustly in line with productivity, only when we enforce labor standards and embrace policies that reestablish individual and collective bargaining power for workers.īetween 19, the compensation of median workers trailed economywide (net) productivity growth by roughly 43%, leading to rising inequality. ![]() This paper presents evidence that the divorce between the growth of median compensation and productivity, the inequality of compensation, and the erosion of labor’s share of income has been generated primarily through intentional policy decisions designed to suppress typical workers’ wage growth, the failure to improve and update existing policies, and the failure to thwart new corporate practices and structures aimed at wage suppression. This growing divergence has been driven by two other widening gaps, that between the compensation received by the vast majority of workers and those at the top, and that between labor’s share of income and capital’s. economy, and a central driver in recent decades is the widening gap between the hourly compensation of a typical (median) worker and productivity-the income generated per hour of work.
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