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As a result, labor's declining share of output is directly correlated to the increasing share of output spent on technology.
Rising aggregate profits correspond to a decline in labor's share of output, contributing to stagnant wages.
But France raises much, much more revenue as a share of output than does Japan.
Over the past three decades, labour's share of output has shrunk globally from 64% to 59%.
Conventional views holds that differences in the share of output invested by countries account for this disparity.
Thus in the United States in the period following World War II the share of output going to labour was approximately 79 percent, while the share of output distributed as "profits" was 21 percent.
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The problem is that investment has already pretty much returned to its pre-bubble shares of output.
Another possible critique is our equal sharing of outputs of unit binary classifiers.
America's stellar growth means that it is consuming more than its share of world output.
Many others are inevitable, given China's soaring share of global output and demand.
Their share of world output has doubled in that period to 16percentt.
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