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The fact: Since 1980, the GDP share going to worker wages declined from 49percentto44percentcent while the portion to corporate profits doubled.
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The share going to workers was 1.1 percentage points higher during the earlier years.
As a result, the share of national income going to workers has declined, while that to firms has increased.
The share of productivity gains going to workers has fallen since the 1990s, thanks to rapid, labour-saving technological progress.
In China this means a stronger currency, bigger social safety-nets and an overhaul of subsidies to increase the share of national income going to workers.
Adding the two categories together may provide a better view of the share of national income going to workers or being spent for their benefit.
And for Basu, one of the most stark ways it is manifested is the declining share of national income going to workers.
Somewhat reminiscent of some modern Scandinavian practice, the rules in question would govern the proportion of operational value added going to workers.
If the money isn't going to workers, where's it going?
And last week, economist Simcha Barkai presented his recent paper at the University of Chicago suggesting corporate concentration leads to substantial declines in money going to workers across the country.
Too little has gone to workers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com