This chart illustrates the share of corporate income received by workers (in the form of wages and benefits) from January 1979 through April 2015. As the Economic Policy Institute explains, Typically, the labor share rises during recessions because profits fall much faster than wages during downturns … More Share of corporate income received by US workers from 1979 to 2015.
We need a new way of modeling macro economics instead of assuming that aggregate action leads to generalized welfare #SmartEconomy #finance #Money #Innovation #RealWorldEconomics
Discover how seemingly contradicting theories can be combined to create a Smart Economy that minimizes systemic risk and fosters innovation. … More Political Paradigms and the Smart Economy