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US Wages Hit 75-Year Low as Share of National Income
Original: US Wages Share of GDI at 75 Year Low Article URL: https:// fred.stlouisfed.org/series/W27 0RE1A156NBEA Comments URL: htt
New data from the Federal Reserve Bank of St. Louis shows the share of US gross domestic income going to workers' wages has fallen to its lowest level in 75 years. Commenters online are debating the causes, pointing to automation, corporate concentration, and the possibility that artificial intelligence is accelerating the shift of income from labor to capital.
Why now: Fears that AI and automation are squeezing labor's share of income are driving renewed attention to the wage share statistic.
Federal Reserve Bank of St. LouisUnited StatesFRED
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