The share of national income received by workers has fallen steadily in advanced economies to under 40 per cent in 2014 from around 55 per cent in 1975, a new report by the IMF says. Labour’s share of national income…
Tag: workers
In the intangible economy, creators are the only real workers
http://www.youtube.com/watch?v=ni_abqgw1jU Conventional economics’ treatment of labour is among its many weaknesses. As has been explained elsewhere in Economics2030, economics is even worse at dealing with the concept of capital. This, of course, hasn’t prevented conventional economists loading their models with variables…