Growth of productivity and compensation by sector, 1948–2014
Log annual growth | ||||
---|---|---|---|---|
Gross domestic product | Private industries | Private services-producing industries | Manufacturing | |
1948–1973 | ||||
Productivity* | 2.1% | 2.4% | 2.1% | 3.1% |
Real compensation* | 2.7% | 2.7% | 2.5% | 2.8% |
1973–2014 | ||||
Productivity* | 1.7% | 1.7% | 1.0% | 4.6% |
Real compensation* | 1.0% | 1.0% | 1.1% | 1.4% |
* Per full-time equivalent employee
Source: EPI analysis of data from the BEA and BLS (see technical appendix for more detailed information)