Sentences with phrase «share of national income»

Corporate profits are claiming a larger share of national income than at any time in 60 years, while the portion of total income going to employees is near its lowest since 1966.
Put simply, the nation's daunting demographic math dictates that the benefit programs keep absorbing bigger and bigger shares of national income.
The just - released OECD Employment Outlook — full text not available on line — has an interesting chapter on the sharp decline of labour's share of national income in virtually all OECD countries over the past 30 years, and especially the last twenty years.
That way, the declining share of national income going to the lower groups was masked economically, and ultimately politically.
«Earnings rose to a historically high share of national income that they couldn't possibly sustain.»
As Dean Baker pointed out to me this AM, the labor share of national income is slowly gaining back some of its losses, as shown in the figure below (see circled part at end).
As the percentage of unionized workers has plummeted, so has the middle class share of national income.
Together these trends threaten to produce a society in which a relatively small section of the population comes to claim a larger share of national income through its (increasingly) concentrated ownership of (increasingly) inherited wealth.
The working class now receives a smaller share of national income — in the ten years to 1976 wages accounted for 60 %, but in the ten years to 2006 this had fallen to 54 per cent.
Net net, corporations» share of national income ended up being fairly flat over that time period, which is why I did not highlight this in my article.
In aggregate, investments can't outgrow growth in GDP by much, unless labor takes a progressively lower share of national income.
As you know, in the land rising sun the coin - op industry is still live and kicking, and Sega — being the leader - has a major share of the national income (thanks also to its ownership of many arcade centers such as Club Sega and Sega Gigo, in which millions of yen is spent every year).
The bill's main objective — capping future government spending on healthcare at rates that won't gobble up a bigger and bigger share of national income, as well as leaving more resources for investment and entrepreneurship — is exactly what government needs to do.
Congress should enact new spending caps along the lines of the Budget Control Act, which helped to shrink outlays as a share of national income from 2013 to 2017.
The State essentially guarantees by its (mis) management and manipulation, the ensuing collapse will not be limited to certain sectors of the private economy but will cause massive contraction in the entire economy — including the State's share of the national income.
Market volatility is low, U.S. census data shows income gains have reached the middle class, and workers are clawing back a larger share of national income.
Yet earnings as a share of national income have surged to near records, hitting 9 % in recent years, 50 % over their pre-2008, long - term average of 6 %.
Capital's share of national income has risen, while labor's share has fallen — even though it includes lavish compensation of executives who are paid disproportionately through stock grants, options and bonuses.
That is, there's another component to NIWG: rebalancing labor's share of national income.
Since there's a lot of inequality within labor's share of national income, this development won't reduce inequality that much.
For example, a conservative commentator might concede, grudgingly, that there has been some increase in the share of national income going to the top 10 percent of taxpayers, but then point out that anyone with an income over $ 81,000 is in that top 10 percent.
Debt won't start falling as a share of national income until 2016/17.
The OBR projects that, as a result, the share of national income spent by the state will fall from almost 48pc of GDP in 2009 - 10 to 39.5 pc by 2017 - 18.
The top 0.1 per cent of households have increased their share of national income from 2 per cent in 1980 to almost 10 per cent today.
The last five years have seen the toughest financial settlement in the history of the NHS, and UK health funding, as a share of national income, has lagged behind the rest of Europe for many decades.
Though technological developments might put downward pressure on labour's share of national income, workers would be compensated for this by their greater access to the return on capital.
Thomas Piketty's Capital in the Twenty First Century argues that, absent corrective action, we can look forward to a rise in capital's share of national income and a corresponding depression of the share of labour.
The Osborne plan (and the Coalition Agreement) called on Conservative and Liberal Democrat ministers to achieve a cyclically - adjusted target to reduce government debt as a share of national income between 2014 - 15 and 2015 - 16 and, politically and economically most significant, to do so by achieving a budget balance by the end of the Parliament.
Our national debt, as a share of our national income, is forecast to be 60 % this year, before peaking at 71 %, and then starting to fall — reaching 69 % by the end of the period.
But ensuring that, over time, the state grows more slowly than the economy as a whole, so spending falls as a share of national income and we can reduce taxes and borrowing.
As they point out, «if debt were to fall as a share of national income in 2015 - 16, but increase in every year up to then and in every year after, the supplementary target would still be satisfied.»
It means that even after years of cuts, not only would the national debt still be growing, it would be growing as a share of our national income.
My spending plans in the last parliament reduced the share of national income taken by the state from the unsustainable 45 % we inherited, to 40 % today.
The Labour government did reduce the national debt - as shown in the national accounts - as a share of national income at the end of the last century (although it's questionable whether most people would understand this to be the «last few years» of which Brown went on to speak).
The CBO also reports that «the top 20 percent of income earners (those earning over $ 74,000) paid 94 percent of federal individual income taxes, 85 percent more than the share of national income they earned.
Piketty applies these terms in his first fundamental law of capitalism, which is the accounting identity α = r x β, where alpha (α) equals capital's share of national income or the capital - labor split, r is the percentage rate of return on capital and Beta (β) is a ratio equal to the value of capital necessary to generate a years worth of national income.
This by itself would cause corporate profits to look artificially elevated in recent years when looking at profits as a percentage of GDP, except that total business income as a share of national income has declined from 87 % to 75 % over that same time period, with the non-business entities (nonprofits, households, and government) gaining share.
Corporate profits have commanded this large a share of national income only twice before: in 1929 and 2006.
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