The labor share of income in the United States has fallen to its lowest level since World War II, according to analysis by the New York Fed. The post-COVID period has seen a further decline in the portion of national income going to workers, driven primarily by a shift in corporate income toward profits and capital compensation.
The labor share of income in the United States has fallen to its lowest level since World War II, according to analysis by the New York Fed. The post-COVID period has seen a further decline in the portion of national income going to workers, driven primarily by a shift in corporate income toward profits and capital compensation.
The article argues American society has crossed an "asshole threshold," where rudeness, selfishness, and antisocial behavior are normalized. This decline is linked to eroded civic norms, social trust, and community bonds, fueled by political polarization and digital culture.
A recent WSJ poll found that Americans' support for capitalism has declined over the past decade, with a growing share expressing positive views of socialism, particularly among younger generations.
A new poll shows that support for capitalism among Americans has declined over the past decade, with younger generations particularly less likely to view it favorably compared to older age groups.
The U.S. labor force participation rate dropped to its lowest level in 50 years outside of the COVID-19 pandemic, as more job seekers stopped looking for work and exited the labor market entirely.
U.S. employers added 209,000 jobs in June, the smallest gain in 2.5 years, signaling a slowdown in hiring amid economic uncertainty. The unemployment rate fell from 3.7% to 3.6%, while average hourly wages rose 4.4% from a year earlier, still above pre-pandemic levels but showing signs of cooling.
The US added fewer jobs than expected in June, with nonfarm payrolls increasing by 185,000 against a forecast of 220,000. The unemployment rate edged down to 4.2% from 4.3% in May. The mixed data left analysts debating the timing and pace of future Federal Reserve interest rate cuts.
The labor share of income in the United States has fallen to its lowest level since World War II, according to analysis by the New York Fed. The post-COVID period has seen a further decline in the portion of national income going to workers, driven primarily by a shift in corporate income toward profits and capital compensation.
Workers' share of national income has fallen to its lowest level since World War II, according to a new analysis. The decline means a larger portion of economic gains goes to capital owners rather than workers, which helps explain why many Americans feel pessimistic about the economy despite overall growth.
The article examines whether the U.S. labor force is approaching its peak, analyzing demographic trends, aging population, and declining participation rates that suggest future growth may be limited.