Labor's slice of U.S. income hits historic trough as corporate profits soar
Economist Gregory Daco notes that productivity gains so far stem from automation and cost cuts, not AI. Worker compensation has stagnated in real terms while profit margins reach record highs. He warns that labor's share could fall further as technology favors large firms.
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Original headline: “‘I don’t think there’s a floor’: Workers’ share of America’s income is at a record low before the AI boom even begins.” Browse more stories.