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November 29, 2006Labor Share Drops Again
Michael Mandel
The labor share of corporate output continues to plunge. Based on today's GDP numbers, labor compensation now accounts for only 61.9% of corporate value-added, marking the seventh straight drop. It's worth noting that this is the lowest labor share since 1951.
11:05 AM
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There is a tectonic shift in the economy and socioeconomic structure afoot. Unfortunately, most will be on the wrong side of the fault line, sink into the ocean and drown. Get on the right side of the fault line or learn to swim really well; this one is going to be historic.
Posted by: Brandon W at November 30, 2006 08:29 AM
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