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In economics, the wage share or labor share is the part of national income, or the income of a particular economic sector, allocated to wages . It is related to the capital or profit share, the part of income going to capital, [1] which is also known as the K–Y ratio. [2] The labor share is a key indicator for the distribution of income. [3]
The employment cost index (ECI) is a quarterly economic series detailing the changes in the costs of labor for businesses in the United States economy. The ECI is prepared by the Bureau of Labor Statistics (BLS), in the U.S. Department of Labor .
This is a list of countries by their gross domestic product at purchasing power parity per person currently employed. International Labour Organization (2020−2022) CIA World Factbook [ 1 ] [ 2 ]
U.S. unemployment rate and employment to population ratio (EM ratio) Wage share and employment rate in the U.S. Employment-to-population ratio, also called the employment rate, [1] is a statistical ratio that measures the proportion of a country's working age population (statistics are often given for ages 15 to 64 [2] [3]) that is employed.
State employment growth versus change in tax liability for bottom 90% income earners in the United States. This chart has been claimed to show that tax decreases on the bottom 90% income earners are correlated with increased employment growth. [2] and employees. The effect of taxes on employment is a hotly debated economic and political issue.
Technology-driven declines in investment prices reduce the labour share. [11] On average across industries, a decline in investment prices relative to value-added prices of 9% – which is around the average decline in relative investment prices observed over the period 1995–2013 in the OECD – reduces the labour share by approximately 1.7 percentage points.
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Automatic stabilizers use conventional fiscal mechanisms, but take effect as soon as the economy takes a downturn: spending on unemployment benefits automatically increases when unemployment rises, and tax revenues decrease, which shelters private income and consumption from part of the fall in market income.