American workers are witnessing a profound shift in how they are compensated. A century ago, a job’s pay was almost entirely a paycheck, but now nearly a third comes as benefits like health insurance, retirement plans, and stock options. Moreover, the growth in benefits is concentrated among wealthier workers, leaving the average American behind in an era of rapid technological change, according to a recent working paper of mine with Adam Bloomfield and Travis Cyronek.
Read Full Article »
