Table 1
Changes in productivity, hourly compensation, wages and benefits, 1948-2014
| Total economy | Private Production worker | |||||
|---|---|---|---|---|---|---|
| Ratio: compensation to wages | Productivity | Real hourly compensation | Hourly wages | Hourly compensation | Hourly benefits | |
| Year | Index 2009=100 | 2014 dollars | ||||
| 1948 | 1.077 | 28.1 | 33.8 | $11.32 | $12.20 | $0.88 |
| 1973 | 1.183 | 56.0 | 69.8 | 19.73 | 23.34 | 3.61 |
| 1979 | 1.224 | 59.7 | 71.3 | 19.28 | 23.60 | 4.31 |
| 1995 | 1.240 | 74.2 | 80.8 | 17.98 | 22.29 | 4.31 |
| 2000 | 1.221 | 83.2 | 90.4 | 19.27 | 23.53 | 4.26 |
| 2007 | 1.237 | 96.5 | 98.8 | 19.89 | 24.61 | 4.72 |
| 2009 | 1.246 | 100.0 | 100.0 | 20.53 | 25.58 | 5.05 |
| 2014 | 1.246 | 104.6 | 100.0 | 20.61 | 25.68 | 5.07 |
| Annual growth | ||||||
| 1948-1979 | 2.5% | 2.4% | 1.7% | 2.2% | 5.3% | |
| 1979-2014 | 1.6 | 1.0 | 0.2 | 0.2 | 0.5 | |
| Deceleration | 0.9 | 1.5 | 1.5 | 1.9 | 4.8 | |
| Key subperiods | ||||||
| 1995-2000 | 2.3% | 2.3% | 1.4% | 1.1% | -0.2% | |
| 2009-2014 | 0.9 | 0.0 | 0.1 | 0.1 | 0.1 | |
| 1979-2014 (excluding 1995-2000) | 1.5 | 0.8 | 0.0 | 0.1 | 0.6 | |
Note: For technical information on how the compensation-to-wages ratio is calculated, see the documentation and methodology from Table 4.2 of State of Working America
Source: EPI analysis of Bureau of Economic Analysis National Income and Product Accounts tables, Bureau of Labor Statistics Current Employment Statistics public data series, and unpublished Total Economy Productivity data from the Bureau of Labor Statistics Labor Productviity and Costs program
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