In Recent Years, Total Compensation to Workers Has Risen Faster

question 267

Multiple Choice

In recent years, total compensation to workers has risen faster than the take-home pay of average workers. This implies that

• A) something is wrong with the statistics on either compensation or take-home pay.
• B) fringe benefits have become a larger share of total worker compensation.
• C) direct payments have become a larger share of total worker compensation.
• D) workers' pay has been declining slightly in recent years.

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Definitions:

Relative Deprivation

The experience of feeling deprived of something to which one believes to have a right, in comparison to others perceived as having more.

Internal Locus

Refers to the belief that one's own actions or characteristics determine the outcomes in their life, rather than external forces.

Buying Power

The capacity of an individual or group to purchase goods or services, often influenced by income and economic conditions.

Personal Happiness

A state of well-being and contentment that comes from personal achievements, relationships, or other personal attributes.