PAY & BENEFITS • Jun 2017 • Volume 6 / Number 8
This Beyond the Numbers article examines pay and benefits by job level to provide additional context to the nature of compensation among private sector workers in the United States.Read full article » | Download PDF
BLS is celebrating the first anniversary of experimental disease-based price indexes, which adjust expenditures on disease for inflation. Statistical agencies have long collected price information on medical procedures, drugs, equipment, and services, but the cost of treating a patient is typically some combination of these goods and services. This article examines the reasons for reporting by disease rather than by service and explains the reasons behind the spending growth for each disease.
Increases in productivity have long been associated with increases in compensation for employees. For several decades beginning in the 1940s, productivity had risen in tandem with employees’ compensation. However, since the 1970s, productivity and compensation have steadily diverged. This trend, which will be referred to as the ‘productivity–compensation gap,’ has received much scrutiny from both academics and policymakers alike.
This Beyond the Numbers article examines assumptions users often make regarding how the CE measures household wealth, by providing examples of the nuances in the data and composition of five household groupings. The examples provide a clearer snapshot of economic well-being found in the income quintiles.