When one talks about the percentage of labor costs that trickle down to the worker. I include the workers expenses in that as well. If you are paying a worker you are also paying his rent, health insurance, and transportation costs. Those are high by world standards.

Remember a bitch by a VC that tech workers weren't benefiting from the high wages he was paying so much as land lords.

That. Financialization and rent seeking in the US acts as a privately imposed tax on real economic activity. That shows in in things like why my company has moved every five years since the early 2000's. Our lease expires. The rent doubles and we move.

Want to fix this; prune back the finance and healthcare industries.