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The Share of Labor Compensation in GDP has been in a catastrophic decline since 2000

Sunday, November 13, 2022 4:01

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One of the most damaging economic phenomena observed in the USA in the 21st century is the decline in the labor force participation rate and the employment/population ratio as presented in this post. For the employees, this decline was also accompanied by a dramatic fall in the Share of Labor Compensation in GDP as Figure 1 shows. The long-term decline from the 1950s to the 2010s is 4%. The lost share goes to capital. The capital share has grown from 36% to 41% in 2019. It is not an exaggeration to call the 1950s-1970s a golden era.

Figure 1. Borrowed from FRED

Source: http://mechonomic.blogspot.com/2022/11/the-share-of-labor-compensation-in-gdp.html

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