45 years of Keynesian "stimulus"--tax cuts and federal borrowing/ spending--haven't stemmed the decline of labor's share of the economy (GDP). As these charts reveal, if labor's share of the economy was still at 50% rather than 42%, households with earnings from work would be getting an astounding $1.35 trillion more per year.
This equates to an additional $10,800 per household, per year (there are roughly 125 million households in the U.S.) or about $100,000 per household per decade.
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