St Louis Fred database:
Shares of gross domestic income: Compensation of employees, paid: Wage and salary accruals: Disbursements: to persons (W270RE1A156NBEA) | FRED | St. Louis Fed
Shares of gross domestic income: Compensation of employees, paid: Wage and salary accruals: Disbursements: to persons
percentage hi in 1970 51.5%
2014: 41.9%
2019: 43.4%
So all companies have reduce the compensation by almost 10%, done with computers, and automation, as I have mentioned I have done.
The trend of lower corporate pay as a percentage of profits continues, which means that jobs are trending to senior mgmt or serfdom, and it will continue.
Data driven answer, have any offsetting data?
The point is that jobs are getting fewer, and the pay is not improving relative to the growth of the company. how? with acquisition and job elimination, with technology and job elimination. So how would advise people who have had their jobs eliminated with technology get retrained? technology? too late for that.
sportsguy