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US labor share hits record low as corporate profits soar

The labor share of economic output in the U.S. has fallen to its lowest point since 1947, with workers receiving only 52.8% of economic output, while corporate profits have surged. This trend is evidenced by a significant increase in Amazon workers relying on government assistance programs like SNAP and Medicaid, nearly tripling since 2020, despite the company's record revenues and profits. Experts note that this shrinking labor share contributes to an ongoing affordability crisis for many Americans, even those working full-time. AI

RANK_REASON The article discusses a significant economic trend (shrinking labor share) with broad implications for the workforce and corporate behavior, supported by data and expert commentary. [lever_c_demoted from significant: ic=1 ai=0.1]

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US labor share hits record low as corporate profits soar

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The article discusses a significant economic trend (shrinking labor share) with broad implications for the workforce and corporate behavior, supported by data and expert commentary. [lever_c_demote…
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Sasha Rogelberg ·

    Amazon workers on food stamps have tripled despite its record revenue—and it’s just the latest evidence of the new economy of shrinking labor shares

    “These are families that are really barely able to make ends meet,” one policy expert said. “And yet they are working, and they are working a lot.”