Getting hard to find this thread again, but I've been enjoying this exchange... While that graph shows labor's share as stable, many others do not, e.g. in thi

Getting hard to find this thread again, but I've been enjoying this exchange... While that graph shows labor's share as stable, many others do not, e.g. in this piece by Jared Bernstein: http://economix.blogs.nytimes.com/2013/09/09/why-labors-share-of-income-is-falling/ http://economix.blogs.nytimes.com/2013/09/09/why-labors-shar... Of particular interest to me is that if you look at the BEA numbers, they split 'labor share' into wages and non-wage compensation (benefits, SS, medicare, etc.) - the latter share has climbed over time to 20%, meaning much of the stability in the "wage share" is just increasing money being paid to Medicare. It's not clear what's being measured and not in that chart, but, for example, this St. Louis Fed data shows both an increasing Dividend share of GDP and a declining wage share of GDP: http://qvmgroup.com/invest/2012/09/05/profits-cash-flow-dividends-and-wages-as-percent-of-gdp-since-the-1940s/ http://qvmgroup.com/invest/2012/09/05/profits-cash-flow-divi...