It seems silly to discuss changing shares of a whole output of a national economy devoted to labor rather than capital expenditures, without an even greater emp

It seems silly to discuss changing shares of a whole output of a national economy devoted to labor rather than capital expenditures, without an even greater emphasis on increases in the overall national output. After all, I could just as well argue that all around the world, men are losing out to women, as more equality of rights is achieved. But what's really happening (thanks in no small part to steady economic growth all around the world) is that both men and women have more choices in lifestyle and family roles than ever before. Today's laborers are for the most part vastly better off than they were in the year of my birth, and they have every expectation of becoming still better off as the years go by, all around the world.