Labor is Losing

Sorry, but here’s the truth via Tim Fernholz at Quartz:

Monday is Labor Day in the United States, the holiday that celebrates the economic contributions of workers. Measured as a share of the national economy, though, that contribution is less than anytime since 1947.

Josh here – the other side of this coin is that while Labor or losing, Capital is winning – big time.

Tim points out that corporate profits are 11% of GDP, the highest rate in more than three decades.

Sorry.

Source:

Two charts to ruin Labor Day: US labor is worth less than ever (QZ)