More Data On Rising Productivity and Stagnant Wages

The long term pattern that used to exist between productivity growth and wage growth has been broken for more than a decade.  Corporations have been able to capture most of the growth in productivity in higher profits.  Most of the wage growth has gone to the top 1% which receives one third of its income from capital appreciation.  College graduates are not immune from this trend.  Over the last 12 years 70% of wage earners with college degrees have seen a decrease in their real wages (corrected for inflation).  The average decline in wages for college graduates over that period has been 3%.