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Capitalist Quote by Kenneth Rogoff

“There has been a noticeable decline in the labor factor in all wealthy countries in the past 20 years. The rich are getting richer, but those at the lower end aren't moving ahead as quickly as the capitalists.” quote by Kenneth Rogoff
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“There has been a noticeable decline in the labor factor in all wealthy countries in the past 20 years. The rich are getting richer, but those at the lower end aren't moving ahead as quickly as the capitalists.”

Kenneth Rogoff

About This Quote

Source Book: The Globalization Paradox, 2011

Wealthy nations see labor’s share shrink while capital gains, widening inequality.

In simple terms: Labor share falls, rich get richer.

Key Takeaway

Address policy to rebalance labor and capital.

Themes

inequality labor markets capital policy economic trends

Mood

concerned analytical

Type

economic political

When to use this quote

  • government policy
  • corporate wage negotiations
  • tax reform
  • education and training
  • social safety nets

Key Concepts

Macroeconomics distributional effects political economy

Questions to Reflect On

  • How can policy effectively restore labor’s share?
  • What role does technology play in this trend?
A Different Perspective

Structural forces limit rapid change; political resistance may stall reforms.

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