Karabarbounis, Loukas   <br/><br/>
Perspectives on the labor share 

 - The Journal of Economic Perspectives  
 - 38(2), Spring, 2024: p.107-136 
<br/><br/> As of 2022, the share of US income accruing to labor is at its lowest level since the Great Depression. Updating previous studies with more recent observations, I document the continuing decline of the labor share for the United States, other countries, and various industries. I discuss how changes in technology and product, labor, and capital markets affect the trend of the labor share. I also examine its relationship with other macroeconomic trends, such as rising markups, higher concentration of economic activity, and globalization. I conclude by offering some perspectives on the economic and policy implications of the labor share decline.- Reproduced <br/><br/>https://www.aeaweb.org/articles?id=10.1257/jep.38.2.107<br/>