REAL WAGES AND PRODUCTIVITY-ARE WORKERS' PAYCHECKS KEEPING UP? Use the attached excel file data on percentage changes in output per hour of all persons in the business sector (labor productivity) and percentage changes in real compensation per hour. Has real compensation per hour kept up with output per hour over the latest 5 years shown? Give an explanation as to why or why not. Data reflects press release of November 5, 2020 Sector: Class of Worker: Type of Measure: Base Year: Business sector All employed persons Percent change from previous quarter at annual rate N/A Year Qtr Labor productivity Output Hours worked Real hourly compensation Average weekly hours worked 1 2 3 1 WN. 4 1 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 NWN 3.6 1.7 1.2 -2.3 0.9 -0.3 1.6 3.0 0.6 -0.2 3.0 0 2.9 1.7 0.1 0.7 3.6 2.2 0.2 1.4 0.0 9.6 6.4 4.8 3.3 1.4 0.4 2.6 1.2 2.5 3.2 2.5 1.9 3.6 4.6 4.5 3.0 2.3 1.5 3.6 1.3 2.9 2.8 -6.0 -36.8 43.7 1.2 1.5 0.3 2.8 1.7 1.5 0.9 0.2 1.9 2.1 0.6 4.0 1.6 1.3 2.1 0.8 0.0 -0.9 2.7 1.4 -6.0 -42.4 35.1 7.6 0.7 0.1 -0.5 0.1 -2.1 0.2 2.6 0.4 2.0 3.5 1.5 -0.6 -0.5 2.5 0.3 7.9 -1.3 -1.9 0.7 7.7 23.7 -8.1 -0.6 -1.0 -0.1 -0.3 -0.1 -0.5 0.2 -1.3 0.1 1.1 -0.6 0.9 -0.5 0.8 -0.5 -0.9 -0.2 -1.2 -0.4 0.7 -2.0 -3.3 5.1 3 4 1 2 3 4 1 2 3 REAL WAGES AND PRODUCTIVITY-ARE WORKERS' PAYCHECKS KEEPING UP? Use the attached excel file data on percentage changes in output per hour of all persons in the business sector (labor productivity) and percentage changes in real compensation per hour. Has real compensation per hour kept up with output per hour over the latest 5 years shown? Give an explanation as to why or why not. Data reflects press release of November 5, 2020 Sector: Class of Worker: Type of Measure: Base Year: Business sector All employed persons Percent change from previous quarter at annual rate N/A Year Qtr Labor productivity Output Hours worked Real hourly compensation Average weekly hours worked 1 2 3 1 WN. 4 1 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 NWN 3.6 1.7 1.2 -2.3 0.9 -0.3 1.6 3.0 0.6 -0.2 3.0 0 2.9 1.7 0.1 0.7 3.6 2.2 0.2 1.4 0.0 9.6 6.4 4.8 3.3 1.4 0.4 2.6 1.2 2.5 3.2 2.5 1.9 3.6 4.6 4.5 3.0 2.3 1.5 3.6 1.3 2.9 2.8 -6.0 -36.8 43.7 1.2 1.5 0.3 2.8 1.7 1.5 0.9 0.2 1.9 2.1 0.6 4.0 1.6 1.3 2.1 0.8 0.0 -0.9 2.7 1.4 -6.0 -42.4 35.1 7.6 0.7 0.1 -0.5 0.1 -2.1 0.2 2.6 0.4 2.0 3.5 1.5 -0.6 -0.5 2.5 0.3 7.9 -1.3 -1.9 0.7 7.7 23.7 -8.1 -0.6 -1.0 -0.1 -0.3 -0.1 -0.5 0.2 -1.3 0.1 1.1 -0.6 0.9 -0.5 0.8 -0.5 -0.9 -0.2 -1.2 -0.4 0.7 -2.0 -3.3 5.1 3 4 1 2 3 4 1 2 3