>Given the narrative of rent extraction, you'd expect the declines in labor share of income to have happened during the long period of deregulation, reduced ant

>Given the narrative of rent extraction, you'd expect the declines in labor share of income to have happened during the long period of deregulation, reduced antitrust enforcement, etc., starting in the 1970s. The point of this article is to complicate that very narrative by identifying how increased regulations actually serve the interests of concentrated wealth.