Re:Why America's economy is soaring ahead of its rivals
by WalterBright on Thursday December 05, 2024 @02:41AM
(#42325903)
Some of those charts tracked wages rather than total employee compensation. The latter was quite a bit more.
This isn't true for the US. The chart that purports to show this is misleading. Essentially, there are problems with the usual chart: the two lines are indexed to different inflation measures, and the wages line excludes certain highly compensated occupations which have been experiencing significant earnings growth (probably because these occupations are where the productivity growth is happening).
Edit: Actually, even more issues. https://x.com/AwayBerk/status/1483564925213683719