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Tim Worstall on Measuring Labor’s (and Labour’s) Share of National Income

Posted By Don Boudreaux On September 29, 2012 @ 4:50 pm In Data | Comments Disabled

The always-insightful Tim Worstall sent to me these two links – here [1] and here [2] – after reading my ruminations [3] on the measured trend of labor’s ‘share’ of national income. Although “geektastic” (to use Tim’s illuminating descriptor), each of these two Forbes essays by Tim is well worth careful attention.

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[1] here: http://www.forbes.com/sites/timworstall/2012/09/26/labours-share-of-the-national-income-is-falling-but-is-it-being-measured-the-right-way/

[2] here: http://www.forbes.com/sites/timworstall/2012/09/11/trades-union-congress-misleads-with-statistics-on-wages/

[3] my ruminations: http://cafehayek.com/2012/09/wages-productivity-rates-of-return-and-investment-quick-thoughts.html

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