"The US example Europe should not follow": After Years of Growth, What About Workers’ Share?
The share of the economy devoted to workers’ wages and benefits has eroded in the United States over the last five years. But if it’s any consolation, the trend for workers in other rich industrial nations isn’t much better. The portion of the economy going to the workers in wages and benefits is perhaps the broadest measure of the workers’ share of economic growth. The numbers are based on how many workers are employed and how much they are paid for their toil.
In the United States, this economic slice, including wages, health insurance and pension benefits, declined 2.5 percentage points from 2000 to 2005, to 56.5 percent of gross domestic product, according to the United States Bureau of Economic Analysis.
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