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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.
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.
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.
And for Basu, one of the most stark ways it is manifested is the declining share of national income going to workers.
Similar(40)
The fact: Since 1980, the GDP share going to worker wages declined from 49percentto44percentcent while the portion to corporate profits doubled.
Too little has gone to workers.
Still, he notes, none of this went to workers.
Under the settlement, ownership of the bank will technically go to Workers United, as successor to the apparel workers union.
Much of the federal money should go to workers, who need it and will spend it.
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