Capital's take of income skyrockets, labor's drops

http://www.j-bradford-delong.net/movable_type/2004_archives/000099.html

Uh oh.

Am I missing something or doesn’t that graph just mean “worker productivity has increased steadily since 1997” - and isn’t that something that we already knew?

–milo
http://www.starshatter.com

True, but the share of total output that goes to workers has dropped like 25%. Wasn’t that way before 2000…

The graph looks more abrupt than it really is, given that the whole range is less than 4%.

Oh, he updated the graph with better numbers. Not that horrifying now.