economy
U.S. workers' share of national income falls to a new low
Labor's bargaining position has worsened markedly in the last half-decade.
TL;DR
- Labor's share of national income has fallen to a new low.
- This indicates a worsening bargaining position for labor relative to capital.
- The AI boom appears to be contributing to this trend, with capital seeing increased returns.
- This economic environment may be driving workers to seek exposure to the stock market.