Currents in compensation and benefits



Currents In Compensation And Benefits

Trends in family incomes tend to follow trends in wages, but the two measures differ in important ways. In part, that's because families (some of them, anyhow) also receive income in addition to their paychecks - from pensions, say, or investments. Even wage and salary income depends on more than hourly earnings. A family's total income from labor market activity will be affected by the number of household members who hold jobs, and by the number of hours they put in, as well as by their hourly rate of pay. (Lawrence Mishel, ...