The Real Numbers | Home Economics Journal
The Gap That Has to Go Somewhere —
At Its Widest Point in 100 Years
Productivity index (1970=100)
Labor share index (1970=100)
Capital income gap
Productivity 1970-2025
+144%
Each worker produces more than double what they produced in 1970.
Labor share 1970-2025
53%
Down from 66%. A 20% relative decline over 55 years.
The gap today
Record
Widest in the 100-year record. Capital income at its highest relative share ever.
Both series indexed to 1970=100. Productivity: BLS nonfarm business. Labor share: BEA NIPA.
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