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Friday, 13 March 2015

In this chart tracking productivity, the cost of benefits (health care and pensions), and wages, we see that real wages have actually declined in the past decade.

http://www.dailyfinance.com/2010/12/11/americas-economic-illness-baumols-dis/#articleHeader

In this chart tracking productivity, the cost of benefits (health care and pensions), and wages, we see that real wages have actually declined in the past decade, even as productivity has risen and the total cost of compensation (wages plus benefits) paid by employers has soared. 

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