Coitadinhos desses investidores e accionistas "pobrezinhos" vulgo capitalistas...
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Pity those "poor" investors and shareholders AKA capitalists...
"Gross domestic product measures all the value added in the economy. For example, the value added by a manufacturer is its sales minus inputs such as parts and raw materials. That value is then distributed either to labor as wages and benefits, or to capital as profits and interest. Some value added is also allocated to depreciation, the cost of replacing assets as they wear out or become obsolete.
The shift to capital from labor has actually been under way for more than 40 years. Labor received 58% of the total proceeds of economic output, as measured by gross domestic income (conceptually similar to GDP), in 1980. By the third quarter of last year that had plummeted to 51.4%. Profits’ share, meanwhile, rose from 7% to 11.7%.
In the 1980s and 1990s, the demise of unions and the spread of outsourcing sapped workers’ bargaining power. The nature of capital also changed: Businesses spent less on long-lived buildings and factories and more on computer equipment, software and intellectual property that must be replaced every few years.
And then there is automation. Its impact showed up first in manufacturing as machines, robots and computers took the place of workers. In 1980, 66% of value added in factories went to labor as wages and benefits, said Pascual Restrepo, a Yale University economist. By the 2000s, that was down to 45%.
This was great for manufacturing productivity and consumers who got cheaper products. But it meant that workers who might have landed good-paying factory jobs took lower-paid work elsewhere. This can explain about half the drop in labor’s share of output between 1987 and 2016, according to a study by Restrepo and Daron Acemoglu of the Massachusetts Institute of Technology."
https://www.wsj.com/economy/jobs/capital-labor-wealth-economy-2fcf6c2f
#Capitalism #USA #Labor #ClassWarfare #Inequality #WageSlavery #Capital