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Probably the most illustrative measure contained in Table 1 is the hourly wage of the median worker. This is simply the worker at the 50th percentile of the wage distribution, who makes higher hourly wages than half of the American workforce and lower hourly wages than the other half. The overall real median wage has risen just percent cumulatively over the past 34 years, compared with economy-wide productivity growth of just under 65 percent. In essence, more than 90 percent of the economy’s productivity growth in the past generation has leaked away from the wages of median workers.

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Pay for research paper

Pay For Research Paper

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