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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez | |
:: Sunday, July 25, 2004 ::
Pay Gap: Not Just About Skills By Harry J. Holzer, Center for American Progress
A story that focuses only on skills also explains little of what has happened in the labor market over the past three years. In that time period, productivity has soared at a rate of about 4 percent per year. But the inflation-adjusted earnings of non-supervisory workers have barely budged. In the past year, while the economy is recovering and jobs are once again being created in significant numbers, productivity has soared by about 5 percent while average weekly pay has fallen by over 1 percent. Measures of changes in real hourly compensation in that time period, which include rising benefit costs as well as supervisor salaries, look somewhat better but not greatly so. So, while the economic "pie" is growing rapidly, the slices going to most Americans are actually getting smaller.------------------------------------------- posted 9:36 AM :: reference link ::
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