| ▲ | WalterBright an hour ago | |||||||
This corresponds with the increasing share of the economy consumed by the government. > the hourly wage This is a misleading statistic. The actual statistic is "total employee compensation", which includes the benefits packages, the (so-called) employer contribution to SS, 401k employer contributions, etc. The TEC is often worth up to 150% of the wages. | ||||||||
| ▲ | anonymars an hour ago | parent [-] | |||||||
FRED shows Federal outlays as a percent of GDP broadly leveling off and declining. 2008 GFC and COVID being transient exceptions https://fred.stlouisfed.org/series/FYONGDA188S Meanwhile here's employee compensation* over GDP (both seasonally adjusted) https://fred.stlouisfed.org/graph/?g=1XO2h Any chance you can share the sources for your assertions? * includes benefits as per https://www.bea.gov/resources/methodologies/nipa-handbook/pd... | ||||||||
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