The labour share of GDP has been roughly within a narrow 50% to 65%-ish bound throughout. It's moving up and down a bit, yes, but still within that bound.
Btw, if you are looking for a villain, look at the land share of GDP. The capital share has been fairly steady.
The labour share of GDP has been roughly within a narrow 50% to 65%-ish bound throughout. It's moving up and down a bit, yes, but still within that bound.
Btw, if you are looking for a villain, look at the land share of GDP. The capital share has been fairly steady.