The labour share in the service economy
Published on Tuesday, August 28, 2018 | Updated on Thursday, August 30, 2018
The labour share in the service economy
Labour’s share of national income has dropped in most of the developed countries and emerging economies in the past few decades. However, this trend is not common across industries: the share of income accounted for by wages has seen an increase in the service industry, while it has recorded a fall in the rest of industries.
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- Macroeconomic Analysis
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- labor market
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