S7 E6: Thirty Glorious Years
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Labor Share of National Income
- The labor share of national income is the percentage of a business's income that goes to workers' wages, as opposed to profits for stockholders.
- During the "30 glorious years" after WWII, this share increased significantly in the US, reaching over 60% and staying there for several decades.
- This resulted in trillions of dollars going to lower-income individuals.
- However, around 1975, the labor share began to decline, returning to levels similar to the pre-WWII era.
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