US Labor Share of Income Hits Lowest Level Since World War II
The share of national income going to workers in the United States has fallen to its lowest point in the post-World War II era, according to research published by the Federal Reserve Bank of New York. The decline has been particularly sharp following the COVID-19 pandemic. The findings suggest that a greater portion of economic output is now flowing to capital owners rather than to wage earners. This shift has significant implications for income inequality and the broader distribution of economic gains across American society.
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