24 Hrs
Source:
Los Angeles Times
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Hiltzik on labor share and profits
The article discusses how the declining labor share of the U.S. economy—now at its lowest since 1947—reflects increasing wealth inequality, corporate profit growth, and a shift in political power away from workers. Despite nominal wage gains, inflation and policy priorities aimed at controlling inflation have reduced workers' real purchasing power and diminished their economic influence. Experts argue that the trend signifies a loss of political power for workers, with policy and economic shifts favoring corporate interests and top earners.
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