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Income and Production

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What are the sources of American incomes? Since the end of World War II, labor income generally has averaged around 70% of total personal income. While wages and salaries form the bulk of labor income, various employee benefits have risen steadily since the 1940s, from less than 1% of personal income to a peak of 7% in 1994.

Suggested citation: "Income and Production," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-08, pp. 05, 08.01.1999.

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