Yhn BusinessEconomy first seen 4 d ago, last 15 h ago, peak #3
US Wages Hit 75-Year Low as Share of National Income
Original: US Wages Share of GDI at 75 Year Low
The share of US national income going to wages has fallen to its lowest level in 75 years, according to Federal Reserve data. The figure, drawn from the labor share of gross domestic income, suggests workers are capturing a shrinking slice of economic output even as overall income grows. Commenters are debating whether corporate profits, automation, or weak worker bargaining power best explain the shift.
Why now: Newly noticed government data showing labor's income share at a historic low is striking amid ongoing cost-of-living concerns.
United StatesFederal ReserveFRED
Rank over time, top of the chart is #1. 69 snapshots from 4 d ago to 15 h ago.
Evidence
- US Wages Share of GDI at 75 Year Low · omgwtfbyobbq · 147
API: https://socialmediatrends-api.osmike.com/v1/trends/3697817