Over the last two decades, the proportion of national income going to employees and the self-employed - the labour share - has declined in many advanced economies. This has not happened in the UK, which might seem like good news for workers, but it conceals slow wage growth and rising inequality.
Andreas Teichgraeber
28 October 2024
Economics Observatory
https://www.economicsobservatory.com/what-share-of-the-economic-pie-goes-to-workers
This work is published under POID and the CEP's Growth programme.