negative bias implicit in accounting profits, and has a much larger effect on basic wages and earnings in the presence of …This paper shows that firm profits (and losses), and value added, are strongly related to individual hourly basic wages … for most employees, as well as to the total earnings measures used previously but correlated with working time. Capital …

A subset of the the Main Economic Indicators (MEI) database, hourly earnings includes seasonally adjusted average total … earnings paid per employed person per hour including overtime pay and regularly recurring cash supplements. These comparative … statistics include earnings series from manufacturing and the private economic sector. Data sources are mainly business surveys …