Share 'Behind the Decline in Labor's Share of Income'
Behind the Decline in Labor’s Share of Income
"Labor income, which includes wages, salaries, and benefits, has been declining as a share of total income earned in the U.S. Here, we look at the cyclical and long-run factors behind this development.
"Labor and capital both contribute to the production of goods and services in the economy, and each gets compensated with income in return. The share o…
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