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Compensation of employees (CE) is a statistical term used in national accounts, balance of payments statistics and sometimes in corporate accounts as well. It refers basically to the total gross (pre-tax) wages paid by employers to employees for work done in an accounting period, such as a quarter or a year.
In Marxian economics, net rents paid out of the current gross income of producing enterprises are not regarded as intermediate expenditure, but as part of the value product. Marx himself commented: "The line between repairs proper and replacement, between costs of maintenance and costs of renewal, is rather flexible.
The table summarizes national income on the left (debit, revenue) side and national product on the right (credit, expense) side of a two-column accounting report. Thus the left side gives GDP by the income method, and the right side gives GDP by the expenditure method. The GDP is given on the bottom line of both sides of the report.
Wages adjusted for inflation in the US from 1964 to 2004 Unemployment compared to wages. Wage data (e.g. median wages) for different occupations in the US can be found from the US Department of Labor Bureau of Labor Statistics, [5] broken down into subgroups (e.g. marketing managers, financial managers, etc.) [6] by state, [7] metropolitan areas, [8] and gender.
The National Compensation Survey's data is collected by field economists within the BLS who randomly sample firms and report on the compensation of one to eight occupations within the business over time. Some respondents are also asked to report on the provisions, participation, and costs of benefits offered to employees.
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Technology-driven declines in investment prices reduce the labour share. [11] On average across industries, a decline in investment prices relative to value-added prices of 9% – which is around the average decline in relative investment prices observed over the period 1995–2013 in the OECD – reduces the labour share by approximately 1.7 percentage points.
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