The chart the NYT shows depicts worker compensation percentage of national income. I'd be interested to see what overall worker compensation and overall corporate profits look like in inflation-adjusted terms, separately.
The chart the NYT shows depicts worker compensation percentage of national income. I'd be interested to see what overall worker compensation and overall corporate profits look like in inflation-adjusted terms, separately.
If you actually look at the graph (presented in the same article) it does not look like "the trend is reversing" at all. It rather looks like a very clear downwards trend with a strong cyclic component. So, when the times are good, the salaried bosses might just be handing out productivity bonuses to their reports, and passing the bill to the shareholders.
A great point, but note that the writer considers C-level officers to be workers in this case. The headline might as well be Workers Pay Probably Keeping up with Inflation, Execs Doing Great, but that's not really news.
Chart 3 demonstrates this clearly. Non-management workers are receiving less compensation. http://0-search.ebscohost.com.skyline.ucdenver.edu/login.asp...
- Note, sorry it's behind a pay wall.
Alt cite: MAGDOFF, F., & FOSTER, J. B. (2013). Class War and Labor's Declining Share. Monthly Review: An Independent Socialist Magazine, 64(10), 1.
EDIT: Was able to find a public link, through Google Scholar: http://search.proquest.com/openview/4be2b770b6d137e018c146e5...