Thursday, September 17, 2026

"The Rich Thrive and Everyone Else Struggles"

"The labor share is a symptom of worker anxiety, of course, not the cause. But as a symptom it speaks volumes. It reflects growing wealth inequality, a tax system that comes down hard on wages but gives capital earnings a pass, an explosive growth in corporate profits and a shift of employment from large-scale manufacturing to gig-provided services."

At the Los Angeles Times, Michael Hiltzik writes that "labor's share of the economy is at a record low."

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