Labor's Share of Nonfarm Business Income Plummets
This graph of labor's falling share of income explains a lot about the growing political discord in the middle and lower classes:
I've talked a lot about the need for job creation, and that is still of utmost importance. But job creation alone is not going to be enough to turn the tide of growing unhappiness with our increasingly two-tiered society.
Posted by Mark Thoma on Thursday, June 16, 2011 at 09:09 AM in Economics, Income Distribution |
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