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Donald Schneider
DonFSchneider
THREAD/ some thoughts on why I'm skeptical of the net lending (savings & investment imbalance) / corporate savings glut / 'financializaiton" discussion as it pertains to the decline of biz
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Setting aside the big measurement issues, the EPI chart shown here is actually not about rising payments to capital (they acknowledge small role for decline of labor share) really this
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THREAD/ Good news: using a new(ish) measure of the labor share that Rognlie deems "the best measure," pay and productivity are growing together.Bad news: there's a much bigger puzzle than
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