The portion of US economic output that goes to workers in the form of wages and salaries plunged to the lowest level on record in the third quarter of last year, data from the Bureau of Labor Statistics show.
The measure known as the labor share fell to 53.8% in the period, down from 54.6% in the previous quarter and an average of 55.6% in the 2020s so far, according to the BLS report on labor productivity and costs published Thursday.
The gauge, which started in 1947, has been trending down since a spike in 2020 ...
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