“There is also the idea, widespread among economists, that modern economic growth depends largely on the rise of “human capital.” At first glance, this would seem to imply that labor should claim a growing share of national income. And one… — Thomas Piketty Copy Share Image
“In the past decade, the historically consistent division in the United States between the share of total national income going to labor and that going to physical capital seems to have changed significantly. As the economists Susan Fleck, John Glaser,… — Anonymous Copy Share Image
