Federal Reserve Bank of Kansas City: Local Look at Labor's Share of Income
May 11, 2022
May 11, 2022
KANSAS CITY, Missouri, May 11 -- The Federal Reserve Bank of Kansas City issued the following article by Nicholas Sly, assistant vice president and Denver branch executive:
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The share of total income going to workers tends to rise during economic downturns. The recent pandemic-induced downturn also led to a rise in labor's share of income in the Rocky Mountain region and across the nation. Although labor markets are tight and wages are growing at a fast pace c . . .
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The share of total income going to workers tends to rise during economic downturns. The recent pandemic-induced downturn also led to a rise in labor's share of income in the Rocky Mountain region and across the nation. Although labor markets are tight and wages are growing at a fast pace c . . .