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Looking at Wages Relative to GDP

Posted By Barry Ritholtz On March 22, 2013 @ 11:45 am In Digital Media,Wages & Income | Comments Disabled

click for larger graphics
[1]

[2]
Source: Visualizing Economics [3]

 

Catherine Mulbrandon covers all sorts of cool data over at Visualizing Economics [3] (Check out her wicked cool book of economic visualizations on income here [4]).

I find the big picture view of employment and wages fascinating, looking at the question, What Happened to Wages? 

As the charts above show long-term growth in wages in the US. has been a steady climber, with big spurts in worker productivity (industrial revolution, technology). As the charts show, however, over the last 40 years, long-term growth has slowed significantly.


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2013/03/looking-at-wages-relative-to-gdp/

URLs in this post:

[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/03/unskilled-wages.jpg

[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/03/unskilled-wages-2.jpg

[3] Visualizing Economics: http://visualizingeconomics.com/blog/2013/3/4/wages

[4] here: http://visualizingeconomics.com/buyincomeguide/

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