Thursday, March 28, 2013

Timothy Taylor — Falling Labor Share of Income

Conversable Economist
Falling Labor Share of Income
Timothy Taylor | Managing Editor, Journal of Economic Perspectives
Given that the fall in labor share of income is larger in other countries than in the U.S. economy, the cause or causes should presumably be something that had a greater effect on many other countries than on the U.S. economy. Any narrowly U.S.-centered explanations are bound to fall short in explaining an  international phenomenon.

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