Declining Share of Labor in GDP Accounts, and the Value of Medicaid, and NASA
Posted in Flotsam and Jetsam, labor markets, Macroeconomics, Taxation on Jun 29th, 2015
This result was surprising, sure to get lots of news coverage: It shows that despite a rise in measured capital-labor ratios, labor-augmenting technical change in the US has been sufficiently rapid that effective capital-labor ratios have actually fallen in the sectors and industries that account for the largest portion of the declining labor share in income since 1980 Paper […]
