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U.S. Workers’ Share of GDP Hits Record Low Amid Rising Corporate Profits
U.S. Workers’ Share of GDP Hits Record Low Amid Rising Corporate Profits
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BTCCSquare news:
American workers received just 53.8% of GDP in Q3 2023—the smallest slice of economic output since record-keeping began in 1947. The Bureau of Labor Statistics data reveals a sharp quarterly drop from 54.6%, far below the 55.6% average for this decade. This decline occurred alongside corporate profits reaching multi-decade highs, widening the income inequality gap.
Productivity surged at its fastest pace in two years during the same period, partially attributed to AI adoption. The paradoxical combination of rising output and shrinking labor compensation paints a fractured picture of economic growth. Historical context shows worker shares briefly spiked during pandemic disruptions before entering a sustained downward trend.
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