These articles are quite disingenuous as they constantly focus on hourly pay without giving a any context whatsoever to compensation : bonuses, matched retirement/investment plans, insurance, profit-sharing/equity plans, paid time off, paid sick leave days, etc. This really seems just disingenuous to me since this is a major part of compensation as the figures show.
And the worst part is that this measurement of compensation is actively measured and quantified. Here [1] it is. I'll take their word that productivity since 1973 has increased 77%. In that time real hourly compensation has increased 50% and growing.
And the worst part is that this measurement of compensation is actively measured and quantified. Here [1] it is. I'll take their word that productivity since 1973 has increased 77%. In that time real hourly compensation has increased 50% and growing.
[1] - https://fred.stlouisfed.org/series/COMPRNFB