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Memo To Sleepy Joe & Minions: No, The Labor Share Of National Income Hasn’t Plunged

Summary:
The chart below shows labor and capital shares of net income over a 92-year period, indicating the labor and capital shares are now very close to their long-run averages. The average labor share from 1929 through 2020 was 69.2 percent and the average capital share was 30.8 percent. In 2020, the labor share was 68.9 percent, and the capital share was 31.1 percent—well within historical range and far from a supposed decades long decline in labor share. https://taxfoundation.org/labor-share-net-income-within-historical-range/?utm_source=Tax+Foundation+Newsletters&utm_campaign=0a84892bf9-EMAIL_CAMPAIGN_2019_10_17_07_28_COPY_01&utm_medium=email&utm_term=0_8387957ec9-0a84892bf9-429282049&mc_cid=0a84892bf9&mc_eid=fefeef80d6

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The chart below shows labor and capital shares of net income over a 92-year period, indicating the labor and capital shares are now very close to their long-run averages. The average labor share from 1929 through 2020 was 69.2 percent and the average capital share was 30.8 percent. In 2020, the labor share was 68.9 percent, and the capital share was 31.1 percent—well within historical range and far from a supposed decades long decline in labor share.

Memo To Sleepy Joe & Minions: No, The Labor Share Of National Income Hasn’t Plunged

https://taxfoundation.org/labor-share-net-income-within-historical-range/?utm_source=Tax+Foundation+Newsletters&utm_campaign=0a84892bf9-EMAIL_CAMPAIGN_2019_10_17_07_28_COPY_01&utm_medium=email&utm_term=0_8387957ec9-0a84892bf9-429282049&mc_cid=0a84892bf9&mc_eid=fefeef80d6

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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