Labor share

PIMCO – Labor And Inflation: Share and Share Alike

Labor And Inflation: Share and Share Alike????? by Richard Clarida, PIMCO

  • Labor compensation as a share of national income fell sharply in 2009–2010 and has remained depressed: The share of national income at the end of 2013 was the smallest slice paid to labor in at least 60 years!
  • During the last three U.S. business cycles, the rise in labor’s share that commenced during the expansion phase of the business cycle was not . . .

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