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No wonder the typical American, while grousing over slow pay gains, isn't ready to turn totally pessimistic.
Most American families can thank the woman of the house for nearly all of the pay gains they have received over the last year.
A few years back, this paper did an extended investigation of increasing CEO compensation, and found that while "abuses and downright crookery" were part of the story, CEO pay gains were justified by increased returns to investors.
I think it's possible that parts of other sectors have delivered big average pay gains (most likely, the high-skill jobs) even if overall employment in those sectors hasn't grown as fast as in education and health care.
The earnings boost that women have achieved after leaving welfare, says Mr Grogger, tends to flatten after just a few years, as the pay gains that stem from better work habits level off.
By the bureau's reckoning, wages and salaries proper grew by only 2.4% in the year to June, slower than the rate of inflation.Despite these meagre pay gains, households are eager to spend whatever they get.
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PAGE B1 AVIVA'S CHIEF STEPS DOWN A shareholder revolt against executive pay gained momentum with the unexpected resignation of Andrew Moss, the chief executive of Aviva, the British insurance company, after its pay practices lost investor support.
LONDON — A shareholder revolt against executive pay gained momentum on Tuesday with the unexpected resignation of Andrew Moss, the chief executive of Aviva, the British insurance company, after its pay practices lost investor support.
The populist idea of capping CEO pay gained currency in the wake of the 2007 financial crisis.
He is either making people pay, gaining control of others by exploiting their weaknesses or ambitions, or advancing his own might.
Others needlessly paid gains tax on a part of the home where they had a deductible office.
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