Uniqueness and Stability of General Equilibrium
New York Times Epic Fail: David Brooks Edition

Mark Thoma: Labor's Share of Nonfarm Business Income Plummets

NewImageMark Thoma reproduces a graph from Frum Forum and comments:

Economist's View: Labor's Share of Nonfarm Business Income Plummets: This graph of labor's falling share of income explains a lot about the growing political discord.... I've talked a lot about the need for job creation, and that is still of utmost importance. But job creation alone is not going to be enough to turn the tide of growing unhappiness with our increasingly two-tiered society.

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