Contributions to gap between median hourly compensation and productivity growth, 1979-2019
| 1973–1979 | 1979–1995 | 1995–2000 | 2000–2007 | 2007–2019 | 2000–2019 | 1979–2019 | |
|---|---|---|---|---|---|---|---|
| A. Basic trends (annual growth) | |||||||
| 1. Gross productivity | 1.06% | 1.38% | 2.33% | 2.19% | 1.11% | 1.50% | 1.56% |
| 2. Net productivity (producer prices) | 0.92% | 1.19% | 2.13% | 1.94% | 0.94% | 1.31% | 1.36% |
| 3. Effective net productivity (consumer prices) | 0.53% | 0.96% | 1.65% | 1.84% | 0.89% | 1.24% | 1.18% |
| 4. Average hourly compensation | 0.81% | 0.82% | 2.18% | 1.19% | 0.62% | 0.83% | 0.99% |
| 5. Median wage | -0.47% | -0.04% | 1.41% | 0.47% | 0.37% | 0.41% | 0.35% |
| 6. Median compensation | 0.13% | 0.07% | 1.09% | 0.65% | 0.33% | 0.45% | 0.38% |
| 7. Gross productivity–median compensation gap | 0.94% | 1.30% | 1.24% | 1.53% | 0.78% | 1.06% | 1.18% |
| 8. Net productivity–median compensation gap | 0.80% | 1.12% | 1.04% | 1.29% | 0.62% | 0.86% | 0.99% |
| B. Explanatory factors for net productivity gap (annual growth) | |||||||
| 9. Inequality of compensation (4-6) | 0.69% | 0.74% | 1.09% | 0.54% | 0.29% | 0.38% | 0.61% |
| 10. Loss in labor’s share of income (3-4) | -0.28% | 0.14% | -0.53% | 0.65% | 0.27% | 0.41% | 0.19% |
| 11. Divergence of consumer and output prices (3-2) | 0.39% | 0.24% | 0.48% | 0.10% | 0.05% | 0.07% | 0.19% |
| C. Relative contribution to net productivity gap (percent of gap) | |||||||
| 12. Inequality of compensation | 86.2% | 66.2% | 105.1% | 41.9% | 47.6% | 44.5% | 62.2% |
| 13. Loss in labor’s share of income | -35.2% | 12.7% | -51.5% | 50.4% | 44.0% | 47.5% | 18.8% |
| 14. All inequality (12 + 13) | 51.0% | 78.9% | 53.5% | 92.3% | 91.6% | 92.0% | 81.0% |
| 15. Divergence of consumer and output prices | 49.0% | 21.1% | 46.5% | 7.7% | 8.4% | 8.0% | 19.0% |
| Total | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| 0.80% | 1.12% | 1.04% | 1.29% | 0.62% | 0.86% | 0.99% | |