3 Comments

US top earners have received big bonuses in 2021, and therefore total wage compensation has been higher. Let’s raise rates steeply so that we bring the US into recession and damage US allies economies.

Expand full comment

Just a newbie question, my ignorance of economics is appalling! Do the BEA, etc., data include Contract Labor, Adjunct Faculty data (overwhelming numbers compared to full time/benefits faculty), people who have switched to working at home (non-payroll, consultants, etc.)?

Expand full comment

Contract workers who are technically self-employed get counted, but they're put in a different category (proprietors income) than wages & salaries. Shouldn't be causing the gap though because BLS and BEA have mostly the same definitions of self-employment.

Expand full comment