Real wages and productivity during the COVID-19 pandemic
Articles and reports: 36-28-0001202201000002Description: Rising wages and prices have characterized 2021 and 2022. Soaring unit labour costs have raised competitiveness concerns. This article examines the relationship between real wages and productivity to see whether real wage growth (growth in real total compensation per hour worked) has lagged behind labour productivity growth in recent years. It examines whether the result is sensitive to differences in the definition of real wages. Issue Number: 2022010Author(s): Leung, Danny; Macdonald, RyanDOI: https://doi.org/10.25318/36280001202201000002-engMain Product:Economic and Social Reports
