Typical Worker News Today

Bureau of Labor Statistics releases latest estimate of how much labor receives of national income, showing bleak decline

Nearly 6 in 10 American workers saw their wages grow more quickly than inflation in the past year, according to a new analysis from the Center for American Progress (CAP), a left-leaning think tank. Some 57 percent of workers earned higher inflation-adjusted wages in November compared to one year earlier, the analysis found. This represents…

The real pay of typical workers has grown much more slowly than productivity over recent decades in several developed economies. This column uses data from the US and Canada to examine whether productivity growth actually benefits typical workers by raising their pay. The authors find strong evidence of linkage between productivity and pay in the US but more mixed evidence for