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Re: [Pen-l] Can anyone point me to a real wage vs productivity graph (say 1900-present)
- To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] Can anyone point me to a real wage vs productivity graph (say 1900-present)
- From: "Jim Devine" <jdevine03@xxxxxxxxx>
- Date: Wed, 10 Dec 2008 21:57:32 -0800
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Maxim Linchits wrote:
> thanks sandwichman. i was under the impression that ULC=Labor Costs/(Price
> of Unit of Output x Quantity), guess that's not the way ULC is defined by
> bls.
unit labor costs = total labor costs (including benefits & payroll
taxes)/quantity = (labor cost per worker)/(output per worker) (or per
hour or whatever)
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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