> the hourly wage
This is a misleading statistic. The actual statistic is "total employee compensation", which includes the benefits packages, the (so-called) employer contribution to SS, 401k employer contributions, etc.
The TEC is often worth up to 150% of the wages.
https://fred.stlouisfed.org/series/FYONGDA188S
Meanwhile here's employee compensation* over GDP (both seasonally adjusted)
https://fred.stlouisfed.org/graph/?g=1XO2h
Any chance you can share the sources for your assertions?
* includes benefits as per https://www.bea.gov/resources/methodologies/nipa-handbook/pd...
https://fred.stlouisfed.org/graph/?g=1XOcj
This is obviously some strange usage of the word 'up' that I wasn't previously aware of
https://fred.stlouisfed.org/series/LEU0252881600A
The original parent claim was:
> The US Department of Labor measures wages, and adjusted for inflation the hourly wage is below what it was in 1973. It is even lower if you are only counting non-management roles then and now. Wages have not gotten better over the past half century they have gotten worse.
This is a flat out lie. Comp/GDP is a side note that does not negate the fact that inflation adjusted wages are up.
> https://fred.stlouisfed.org/series/LEU0252881600A
That graph does not represent Comp over GDP so it does not show it "is still increasing overall"
> The original parent claim was:...
Maybe so, but my post is a direct response to
> ...the increasing share of the economy consumed by the government...
> [the hourly wage] is a misleading statistic. The actual statistic is "total employee compensation"
So that compensation covers less.