Wage Growth.

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Presentation transcript:

Wage Growth

臺灣實質薪資（1996-2017）

臺灣實質薪資（1996-2017）

臺灣實質薪資（1996-2017）

美國單位薪資（1970-2017）

日本單位薪資（1995-2016）

Productivity growth (US)

Productivity growth (Taiwan)

Productivity growth (Japan)

Productivity growth （South Korea)

Productivity/wage per unit (Asian countries)

WHO BENEFITS FROM PRODUCTIVITY GROWTH?

薪資占勞動報酬比率

The share of economic output workers receive has generally fallen over the past few decades.

The share of labor income (South Korea)

The share of labor income (Japan)

The share of labor income (South Korea)

The share of labor income (Asian countries)

The share of labor income (Asian countries)

Wages have risen for those in the top of the distribution but stagnated for those in the bottom and middle.

The education wage premium rose sharply until about 2000, contributing to rising wage inequality.

Globalization and technological change have likely put downward pressure on less-educated workers’ wages.

Wages have grown for women and fallen for men.

Declines in the real minimum wage and union 6 Declines in the real minimum wage and union 6. membership have affected wage growth

Workers have become less likely to move to a different state or to a different job, reducing wage growth

Business formation and closings have declined

Recent labor productivity growth has been slow, restraining wage growth

In recent years, measured wage growth has been depressed by changes in the workforce

Wage growth during the Great Recession occurred among top earners, but has since become more broadly shared