Across the globe, the proportion of national income going to wages has been falling for three decades, made worse by the global financial crisis (GFC) and austerity measures.
It also explains the growing social unrest across Europe and the United States.
Labour’s share of the economic pie varies across the business cycle, but has been consistently falling since the early 1980s.
Growing US income disparities: 1979-2007.
According to Peter Orszag, …
We hope you’re enjoying this free content!
Get 10% off an annual subscription today. Use coupon READNW in the shopping cart.
[su_button url=”/newsweekly/subscribe/” style=”flat” background=”#1c100b” size=”6″ radius=”0″]SUBSCRIBE[/su_button]
Join our email list to stay informed.
Choose what you’d like to hear more about!
[su_button url=”https://phplist.newsweekly.com.au/?p=subscribe&id=3″ style=”flat” background=”#1c100b” size=”6″ radius=”0″]Sign up Now![/su_button]
