3 ms·
Also, tho per capita income may rise, that does not account for (re)distribution of income, in this case drastically upward. The portion of US GDP going to wor
by toss1 8y ago
Also, tho per capita income may rise, that does not account for (re)distribution of income, in this case drastically upward. The portion of US GDP going to workers who earn a living (vs capital holders) has never been lower in modern times.
https://fred.stlouisfed.org/series/W270RE1A156NBEA https://fred.stlouisfed.org/series/W270RE1A156NBEA