The divergence between productivity and the growth of pay for typical workers over the last four decades was no accident.
A loss of $10/hour in the typical worker’s compensation is the result of employers’ successful efforts to keep wage growth down over the past 40 years, as documented by Lawrence Mishel and Josh Bivens in Identifying the Policy Levers Generating Wage Suppression and Wage Inequality. This paper explains why workers’ pay has lagged far behind the growth in productivity over the period from 1979 to 2017. The findings have gotten national attention, including a New York Times article about the paper, “Middle-Class Pay Lost Pace. Is Washington to Blame?”
Join us for a webinar featuring leading experts on wage suppression and wage inequality who will delve into the seminal report’s findings and provide proposals on how we can eliminate wage suppression.
The Mishel and Bivens paper and this event is part of EPI’s Unequal Power initiative. The paper provides empirical assessments of specific factors that have caused the divergence between productivity and the growth of the compensation of the typical worker, including excessive unemployment, the erosion of collective bargaining, corporate-driven globalization, weaker labor standards, new employer-imposed contract terms (e.g., noncompetes) and shifts in corporate structures (e.g., fissuring, supply chain dominance).