Sowhat. all this is selective and deeply obscured by labels. Machines and software has massively increased productivity and tthis will continue.
The Mark One human eyeball is still with us and must or our machines becme dead ends. and
just who buys all that output?Certainly not your robot butler.
US Workers Receive Smallest Share of Corporate Profits Since 1948
This title was summarized by AI from the post below.
30,541 followers1w
American works are taking home a smaller percentage of corporate profits than ever before. Employee compensation as a % of corporate GDP has fallen to ~54%, the lowest since records began in 1948. In other words, workers are receiving ~54% of the income generated by corporations, while the remaining ~46% goes to profits, interest, taxes, depreciation, and other corporate income components. At the same time, US corporate profits as a % of GDP are up to ~11.5%, the highest on record. Since 2001, employee compensation as a % of corporate GDP has declined -10 points. Over the same period, the corporate profits proportion of GDP has doubled. Workers are keeping less of what they produce than at any point in history.
