Erica York says claims that labor’s share of income is at a record low overlook a key distinction: on a net income basis, labor’s share remains broadly in line with historical norms. Gross income figures can mislead because part of the remainder accrues to no one.
published
Erica York says claims that labor’s share of income is at a record low overlook a key distinction: on a net income basis, labor’s share remains broadly in line with historical norms. Gross income figures can mislead because part of the remainder accrues to no
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