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Profits are going to labor under that kind of an environment.
And if so, they did nothing to narrow the gap between the recovery gains going to labor and those going to the corporate sector.
But he makes two points that directly undermine the economic inevitability argument, which is often used to justify the declining share of income going to labor and the sharp rise in income inequality that followed this decline.
"They have 400% of corporate tax cuts going to wages – so v. little relation to estimates in paper with 60% of cuts going to labor," Desai wrote on Twitter.
I thought no I'm going to labor the point.
What's behind this significant drop in this percentage of wealth going to labor?
Similar(44)
City governments are generally employee-intensive businesses where the majority of the costs go to labor compensation.
This is not any more sustainable than would be an economy in which all profit went to labor with zero formation of capital for future investment.
It cannot raise the standard of living in the third world, because as soon as significant capital goes to labor, the jobs are moved.
At Gol 8% of revenue goes to labor, compared with 41% at Southwest.
The share of national income that goes to labor (including the CEO's salary and his stock options) has plunged from about 63percentto57percentcent, says Nutting.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com