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If things go as before, wage share continues to decline while unemployment does not increase. Wage share has steadily declined in OECD countries since early 19
by nabla9 3y ago
If things go as before, wage share continues to decline while unemployment does not increase.
Wage share has steadily declined in OECD countries since early 1970s. In the US since 1960s. https://fred.stlouisfed.org/series/PRS84006173 https://fred.stlouisfed.org/series/PRS84006173
Wages make smaller and smaller portion of national income while capital share increases.