Courtesy of Mark Thoma, Economist’s View
I’ve been meaning to highlight this paper by Levy and Kochan, and still hope to do a bit more with it, but for now here’s Dani Rodrik:
There is something very wrong with this picture, by Dani Rodrik: This graph is from a new paper by Frank Levy and Tom Kochan, showing trends in labor productivity and compensation since 1980:
Labor productivity increased by 78 percent between 1980 and 2009, but the median compensation (including fringe benefits) of 35-44 year-old males with high school (and no college) education declined by 10 percent in real terms.
Women have done in general better, but two-thirds of women still have seen their pay lag behind productivity.