Home > inequality, upward income redistribution > Chart from the 2014 Economic Report of the President of the USA

Chart from the 2014 Economic Report of the President of the USA

from David Ruccio

ERP-productivity

This chart, from the 2014 Economic Report of the President [pdf], illustrates the

troubling disconnect between the economy’s productivity and ordinary workers’ wages that has emerged over the last 40 years. As shown in Figure 1-15, real average hourly earnings for production and nonsupervisory employees roughly kept pace with productivity growth in the nonfarm business sector during the early postwar years. But starting around the 1970s, a large gap emerged between overall productivity and an ordinary worker’s take-home pay.

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