Jack Salmon says the decline in workers’ share of output is driven chiefly by capital income acting as a residual, challenging simpler readings of labor’s shrinking slice. He adds that BLS data has long been used to reinforce wider inequality narratives.
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Jack Salmon says the decline in workers’ share of output is driven chiefly by capital income acting as a residual, challenging simpler readings of labor’s shrinking slice. He adds that BLS data has long been used to reinforce wider inequality narratives.
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