>That's a seductive narrative, but not backed up by data. The share of GDP that goes to labor is has held relatively stable in the past few decades If you clic

>That's a seductive narrative, but not backed up by data. The share of GDP that goes to labor is has held relatively stable in the past few decades If you click that "max" button on your graph it does not show a stable share. Appeal to status quo is seductive for those who are generally comfortable though, I get it. >But inflation-adjusted wages isn't negative or even flat, it has grown? Looks pretty flat to me: https://www.statista.com/statistics/185369/median-hourly-earnings-of-wage-and-salary-workers/ https://www.statista.com/statistics/185369/median-hourly-ear... If they weighted nondiscretionary housing, education and healthcare in the inflation basket properly and de-emphasized discretionary electronics and clothes I doubt it would even be flat.