One of the first ways to start analyzing the effect of public policy on career choices is to compare changes in productivity, real CEO wages, and real wages of workers. Real wages are wages adjusted for the constant increase in the general level of prices (inflation) which leads to a decrease in the actual goods and services that workers can buy with their wages (purchasing power). The followingChicago Federal Reserve Bank analysis can help you start this analysis with some simple comparative data and graphs along with helpful commentary.

Thoughts?

https://www.chicagofed.org/publications/chicago-fed-letter/1997/march-115