Saturday, April 28, 2012

share recovery during clinton second term "miracle"...but since ...



"labor share fell from 1973 to the mid-1990s and then

rebounded during the robust growth of the second

half of the 1990s"

note :
however there was a serious rise in upper end share in earned compensation between 95-00


so

 "Between the business

cycle peaks of 1973 and 2000


 the labour share

fell only 1.1 percentage points."

however

 "the fall between 2000 and 2011

4.6 % from 63.1 per cent

 to 58.5 per cent of GDP"