{ "HubID": "5135", "Date": "2/15/2025", "HubTags": [ "External Platform Posts", "Future Map" ], "Contacts": "", "Companies": "", "File": "", "Image": "5135__Image_URL.jpg", "Summary": "

There is a lot in this chart, which shows wages to GDP and demonstrates a long slide that started in the 1970's. What has caused this? Many things:

1. We globalized and sent manufacturing abroad.

2. We saw increased productivity through technology advances, where we can do more with less labor.

3. We financialized our economy, where the financial sector has become a larger share of GDP

4. Corporate earnings as a share of GDP has steadily increased, which benefits shareholders more than labor.

5. Wages have not kept pace with inflation.

", "Notes": "" }