Real wages and productivitymdashare workers paychecks, Ask an Expert

Economics

REAL WAGES AND PRODUCTIVITY—ARE WORKERS' PAYCHECKS KEEPING UP? Over the long run, real wages grow at about the same pace as labor productivity. Select Productivity: Output Per Hour - Non-farm Business Productivity to find current information on percentage changes in output per hour of all persons in the business sector (labor productivity) and select Compensation: Employment Cost Index (ECI) Civilian (Unadjusted) percentage changes in real compensation per hour.

Has real compensation per hour kept up with output per hour over the latest 3 years shown? Answer the question and show your calculations.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91387809

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