S7 E6: Thirty Glorious Years
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Labor Share of National Income
- The labor share of national income measures how much of the total income generated by businesses goes to workers' wages versus profits for stockholders.
- This measure rose significantly during the "30 glorious years" in the US, from about 57% in 1930 to around 65% in the 1940s.
- While an increase from 57% to 65% may not sound revolutionary, this shift of additional profit to workers in those decades funneled trillions of dollars into working people's pockets.
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