1. It looks like it tracks the average compensation, which is easily skewed by a few high income earners whose wages grew disproportionately (investment bankers, lawyers).
2. It doesn't say anything about the hours worked. Even when hourly compensation is up, total income can be down if the number of hours worked goes down.
1. It looks like it tracks the average compensation, which is easily skewed by a few high income earners whose wages grew disproportionately (investment bankers, lawyers).
2. It doesn't say anything about the hours worked. Even when hourly compensation is up, total income can be down if the number of hours worked goes down.
A better analysis: http://www.epi.org/publication/ib330-productivity-vs-compens...