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Posted by: Michael Mandel on November 29
The labor share of corporate output continues to plunge. Based on today’s GDP numbers, labor compensation now accounts for only 61.9% of corporate value-added, marking the seventh straight drop. It’s worth noting that this is the lowest labor share since 1951.
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.