Labor Compensation Measure

A Labor Compensation Measure is an business cost measure of wages, salaries, and benefits paid to workers.

• Context:
  • It can be a Unadjusted Labor Compensation Measure or an Adjusted Labor Compensation Measure.
• Example(s):
  • USA Real Hourly Compensation Measure.
  • …
• Counter-Example(s):
  • a Labor Productivity Measure.
  • an GDP Measure.
• See: Work, Wage, Compensation-Productivity Gap.

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References

2011

• (Fleck et al., 2011) ⇒ Susan Fleck, John Glaser, and Shawn Sprague. (2011). “The compensation-productivity gap: a visual essay.” In: Monthly Labor Review Online, 134(1).
  • QUOTE: Real hourly compensation is the hourly cost to businesses, adjusted for price changes, of wages, salaries, and benefits paid to workers.

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