COVER CHART
The chart on the front cover shows the changes in total labor compensation between 1985 and 2008 for production employees in manufacturing, adjusted for inflation using the Consumer Price Index. Total compensation is comprehensive employer costs including: wages, bonuses, benefits, government taxes, and fees. This time series was chosen because it is the most uniform international data set on wages covering the past three decades. A chart depicting the time series for wage data alone would be similar.
Source: “International Hourly Compensation Costs for Production Workers in Manufacturing (wages, all benefits, social insurance expenditures, and labor-related taxes),” Department of Labor, Bureau of Labor Statistics, Washington, http://www.bls.gov/fls/pw/ichcc_pwmfg1_2.txt, March 2011, and “Consumer Price Index,” OECD.StatExtracts Organisation for Economic Co-operation and Development (OECD), Paris, December 2012, http://stats.oecd.org/Index.aspx?DatasetCode=MEI_PRICES#.
Copyright © 2013 by George R. Tyler
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First e-book edition: July 2013
Library of Congress Cataloging-in-Publication Data is available for this title.
Tyler, George R.
What went wrong : how the 1% hijacked the American middle class … and what other countries got right / by George R. Tyler.
pages cm
Includes bibliographical references and index.
ISBN 978-1-937856-71-7 (trade cloth : alk. paper)—ISBN 978-1-937856-72-4 (ebook)
1. Wealth—United States. 2. Elite (Social sciences—United States. 3. Capitalism—United States. I. Title.
HC110.W4T95 2013
330.973--dc23
2013009618
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