Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not
These articles are quite disingenuous as they constantly focus on hourly pay without giving a any context whatsoever to <i>compensation</i> : bonuses, matched retirement&#x2F;investment plans, insurance, profit-sharing&#x2F;equity plans, paid time off, paid sick leave days, etc. This really seems just disingenuous to me since this is a <i>major</i> part of compensation as the figures show.<p>And the worst part is that this measurement of <i>compensation</i> is actively measured and quantified. Here [1] it is. I&#x27;ll take their word that productivity since 1973 has increased 77%. In that time real hourly compensation has increased 50% and growing.<p>[1] - <a href="https:&#x2F;&#x2F;fred.stlouisfed.org&#x2F;series&#x2F;COMPRNFB" rel="nofollow">https:&#x2F;&#x2F;fred.stlouisfed.org&#x2F;series&#x2F;COMPRNFB</a>