Friday, May 6, 2016

PROPORTION OF NATIONAL INCOME FOR WORKERS HAS RISEN
“At the start of 2013 . . .  61 percent of national income went to pay and benefits for workers. But by the end of 2015, that had risen to 62.6 percent. (That said, in the early 1990s, that figure was around 66 percent.)
“If the proportion of national income going to workers in early 2013 had stayed constant, there would now be $251 billion a year less flowing into Americans’ paychecks than is the case. That is about $1,900 a year per household.”


Neil Irwin, “Workers Are Getting a Bit More of the Economic Pie,” New York Times, May 3, 2016 [in print May 6, 2016, page B1].