This tracks labor compensation of nonfinancial corps as % of income, Q1 1947-Q3 2023. Note (red line): Compensation share of last 20 years similar to most years in 1950s-60s, when labor unions were strong; & odd fact that compensation share rose in 1980s under Repubs Reagan/Bush.

This tracks labor compensation of nonfinancial corps as % of income, Q1 1947-Q3 2023. Note (red line): Compensation share of last 20 years similar to most years in 1950s-60s, when labor unions were strong; & odd fact that compensation share rose in 1980s under Repubs Reagan/Bush. pic.twitter.com/uL5U4crGYt

— Gene Epstein (@GeneSohoForum) November 29, 2023