The decline in labor’s share of national income

That is the topic of my latest Bloomberg column, here is one excerpt: There is some bad news afoot for workers. Labor’s share of the US gross domestic product has been falling for a long time, by seven percentage points since World War II. The labor share for 2022 — depending on exactly which measure is used, […] The post The decline in labor’s share of national income appeared first on Marginal REVOLUTION.