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Overall corporate taxes as a share of GDP are hovering around one percent, the lowest share of GDP since World War II.
Labour's share of GDP remained constant throughout the Industrial Age.
The result is that labour's share of GDP has fallen.
It also reduced federal spending as a share of GDP.
Investment rises as a share of GDP, and consumption falls.
(Labour's share of GDP has stabilised at a low level).
Business investment as a share of GDP is thus the lowest among large industrialised countries.
Loss of power has seen pay fall while profit rises as a share of GDP.
Nominal government investment is also expected to decline slightly as a share of GDP.
He prefers to look at public spending as a share of GDP.
What's afoot at the gallery explains why pay is falling as a share of GDP.
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