"In 2000, when jobless rate last fell <4%, corporations pulled in 8.3% of nation’s income in form of profits; wages & salaries accounted for 66%.
Now, jobless rate is again <4%. But corporate profits account for 13.2% of nation’s income. Workers’ compensation has fallen to 62%."
Now, jobless rate is again <4%. But corporate profits account for 13.2% of nation’s income. Workers’ compensation has fallen to 62%."
Source: nytimes.com/2018/07/13/bus…
"If workers’ share had not shrunk, they would have had an additional $532 billion, or about $3,400 each."
“The US may be leading other big industrialized countries in economic growth, but its labor force does not fare well in comparison. American workers’ share of their country’s total output fell much sharper and faster than the average reported by the OECD.”
