The share of national income that goes to wage earners versus capital owners and tere is completely immune to a soof overall c p i mismeasurement. Andad hen, the picture isi is is very striking. So if you look at the er e, the ere sort of share of nationalincome going to labor, it starts dropping very sharply,. especially in some such as ounow, manufacturing, mining andd it doesn't recover at all. It itself creates a very striking pattern of some groups being left behind whatever is going on with productivity.
Economist and author Daron Acemoglu of MIT discusses with EconTalk host Russ Roberts the challenge of shared prosperity and the policies that could bring about a more inclusive economy. Acemoglu argues for the importance of good jobs over redistribution and makes the case for the policies that could lead to jobs and opportunities across skill levels.