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By Josh Bivens
and Larry Mishel
"EPI’s new report on the productivity–pay gap
found that from 2000 to 2014, net productivity
grew by 21.6 percent, while the typical worker’s
hourly compensation (wages and benefits)
grew by just 1.8 percent."
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This report is part of Raising America’s Pay, a multiyear research and public education initiative of the Economic Policy Institute to
make wage growth an urgent national policy priority. Raising America’s
Pay identifies broad-basedwage growth as the central economic challenge
of our time—essential to alleviating inequality, expanding the middle
class, reducing poverty, generating shared prosperity, and sustaining
economic growth.
EPI’s Josh Bivens and Larry Mishel explain how in the decades
immediately following World War II, inflation-adjusted hourly
compensation for typical American workers rose in line with
productivity, but since the 1970s, productivity and typical workers’
pay have diverged—due largely to rising inequality.
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About the BlackCommentator.com Guest commentators:
Josh Bivens joined
the Economic Policy Institute in 2002 and is currently the director of
research and policy. His primary areas of research include
macroeconomics, social insurance, and globalization. He has authored
or co-authored three books (including The State of Working America, 12th Edition)
while working at EPI, edited another, and has written numerous research
papers, including for academic journals. He appears often in media
outlets to offer economic commentary and has testified several times
before the U.S. Congress. He earned his Ph.D. from The New School for
Social Research.
Lawrence Mishel,
a nationally recognized economist, has been president of the Economic
Policy Institute since 2002. Prior to that he was EPI’s first research
director (starting in 1987) and later became vice president. He is the
co-author of all 12 editions of The State of Working America.
He holds a Ph.D. in economics from the University of Wisconsin at
Madison, and his articles have appeared in a variety of academic and
non-academic journals. His areas of research are labor economics, wage
and income distribution, industrial relations, productivity growth, and
the economics of education.
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 is published every Thursday |
Executive Editor:
David A. Love, JD |
Managing Editor:
Nancy Littlefield, MBA |
Publisher:
Peter Gamble |
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