Intellectual property and the decline of the U.S. labor share
Recent research about the decline of the labor share has caused economists to reconsider the continued relevance of the “stylized fact” that the labor share is constant. Labor and capital might have split up income at a constant rate for a while, but that’s just not true now. But what if the fact were never … Continue reading Intellectual property and the decline of the U.S. labor share
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