In 1947, US workers got ~2/3 of the income from their labors. “Now, they’re getting something that's just a little bit >1/2 -getting less of the pie" -E Groshen -used to head the Bureau of Labor Stats & is now at Cornell.
You can blame the shrinking slice partly on globalization, with some jobs moving out of the US.
If a co decides they're going to contract out a lot of their services to workers overseas, it won’t be in American workers’ comp., right?”
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