Karabarbounis, Loukas <br/><br/>
Perspectives on the Labor Share 

 -  Journal of Economic Perspectives  2024 
 - 107-136 
<br/><br/> As of 2022, the share of US income accruing to labor is at its lowest level since the Great Depression. Updating previous studies with more recent observations, I document the continuing decline of the labor share for the United States, other countries, and various industries. I discuss how changes in technology and product, labor, and capital markets affect the trend of the labor share. I also examine its relationship with other macroeconomic trends, such as rising markups, higher concentration of economic activity, and globalization. I conclude by offering some perspectives on the economic and policy implications of the labor share decline. 
<br/><br/><label>ISSN: </label>0895-3309 
<br/><br/><label>Subjects--Topical Terms: </label><br/> Economic Impacts of Globalization: Macroeconomic Impacts<br/> Factor Income Distribution<br/> Macroeconomics: Production<br/>Aggregate Factor Income Distribution