Re:America's 1% Has Taken $50T From the Bottom 90%
by dcolkitt on Thursday February 11, 2021 @05:14PM
(#26108115)
Labor share of GDP went from 64% in 1950 to 58% today. That means wages grew slightly slower than GDP per capita, that’s certainly not enough to mean wages grew sub-exponentially.
For wages to grow linearly, labor share of GDP would have to fall exponentially towards zero.
For wages to grow linearly, labor share of GDP would have to fall exponentially towards zero.
https://www.bls.gov/opub/mlr/2017/article/estimating-the-us-...