Why Labor’s Share of Wealth Is Rapidly Shrinking

Workers are earning a smaller and smaller share of the economy’s income. Their cut — referred to by economists as “the labor share” — has been falling for decades. And it’s getting worse. During the past few years, it declined at a rapid clip and is now at its lowest level on record — about 53 percent of income, down from about 65 percent after World War II. Read Full Article »