Re:The rich world needs higher real wage growth
by chibg10 on Sunday July 01, 2018 @01:43PM
(#17436572)
Ehhh, I think you're fudging the causality here and reading your own incorrect perspective into the article.
Recessions hit the lowest rungs of the economic ladder hardest, and those same rungs are last to fully get in on the recovery. Hence, labor's share of GDP tends to be highest at the end of the business cycle... which necessarily coincides with an imminent recession.
Recessions hit the lowest rungs of the economic ladder hardest, and those same rungs are last to fully get in on the recovery. Hence, labor's share of GDP tends to be highest at the end of the business cycle... which necessarily coincides with an imminent recession.