Trends in net productivity: Median compensation gap and explanatory factors, 1973–2014
1973– 1979 | 1979–1995 | 1995– 2000 | 2000– 2007 | 2007– 2014 | 2000– 2014 | 1973–2014 | |
---|---|---|---|---|---|---|---|
A. Net productivity–median compensation gap, no price divergence (annual growth) | |||||||
0.35% | 0.84% | 0.42% | 1.17% | 0.98% | 1.08% | 0.80% | |
B. Explanatory factors impact (annual growth) | |||||||
Inequality of compensation | 0.48% | 0.69% | 1.04% | 0.66% | 0.49% | 0.58% | 0.66% |
Loss in labor’s share of income | -0.13% | 0.14% | -0.61% | 0.51% | 0.48% | 0.50% | 0.13% |
C. Relative contribution to net productivity gap (percent of gap) | |||||||
Inequality of compensation | 137.1% | 82.1% | 247.6% | 56.4% | 50.0% | 53.7% | 82.5% |
Loss in labor’s share of income | -37.1% | 16.7% | -145.2% | 43.6% | 49.0% | 46.3% | 16.3% |
Note: The gap excludes the influence of diverging consumer and producer prices.
Source: Analysis of data in Bivens and Mishel 2015 (Table 1)