The labor force's share of income has plunged to its lowest level since the measure was first recorded.
The labor force's share of income -- or the percentage of national income -- fell to a nearly 60-year-low last quarter, according to data from the Federal Reserve bank of St. Louis. The share dropped to 57.1 percent, according to economist Nouriel Roubini, compared to an average of nearly 65 percent percent before the year 2000.
Read the rest at The Huffington Post
2 comments:
Let's see, since National Income is $13.4 trillion, the difference between 57% and 65% is $1 trillion a year. There's your output gap.
http://www.zerohedge.com/news/hedge-fund-insider-explains-why-retail-investors-should-flee-stock-market?page=7#comment-1938136
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