Real wages and productivity

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REAL WAGES AND PRODUCTIVITY—ARE WORKERS' PAYCHECKS KEEPING UP? Over the long run, real wages grow at about the same pace as labor productivity. Select Productivity: Output Per Hour - Non-farm Business Productivity to find current information on percentage changes in output per hour of all persons in the business sector (labor productivity) and select Compensation: Employment Cost Index (ECI) Civilian (Unadjusted) percentage changes in real compensation per hour.

Has real compensation per hour kept up with output per hour over the latest 3 years shown? Answer the question and show your calculations.

Reference no: EM13817887

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