Goldman Sachs research indicates that the labor share of income in the U.S. has fallen significantly since the 1990s, reaching record lows in 2026. However, a substantial portion of this decline is attributed to accounting and measurement issues rather than a direct transfer of income from workers to capital owners. The remaining real decline is linked to increased corporate markups, automation, and reduced worker bargaining power, contributing to a complex economic picture where overall wealth has grown, but many Americans struggle to feel its benefits. AI
RANK_REASON The article discusses economic research and analysis from Goldman Sachs regarding income distribution, rather than a new product release, significant event, or research breakthrough.
- Abhay Duggirala
- Bureau of Labor Statistics
- C-corporations
- Eric Zwick
- Goldman Sachs
- Matthew Smith
- Owen Zidar
- S-corporations
- Tax Reform Act of 1986
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