2 ms·
This is a really poor article. Wages are growing, and have doubled in the developing world since 1990. China has seen 13% per year wage growth since 2000. Japan
by CryptoPunk 9y ago
This is a really poor article. Wages are growing, and have doubled in the developing world since 1990. China has seen 13% per year wage growth since 2000. Japan is not the world. Worldwide, labour's share of income has declined modestly, but that can be fully explained by the global decline in the labour participation rate:
https://data.worldbank.org/indicator/SL.TLF.CACT.ZS https://data.worldbank.org/indicator/SL.TLF.CACT.ZS
And a declining LPR is an expected result of higher incomes (more people can afford to go to school, live on government assistance and retire when per capita income increases).