Japans declining labor share attributed to conditions in growing service industries

Published: July 2, 2019, 11:59 p.m.

b'Economists have been trying to figure out why the share of income taken by workers has been declining in many economies. While global growth has continued to make the pie bigger, the share of that pie dished out for labor has shrunk in many places.\\n\\nIt\\u2019s an important issue, since greater inequality is usually the result when workers are getting less of the pie but the owners of the businesses they work for are taking home a bigger slice.\\n\\nRead the transcript\\nhttps://bit.ly/2X6bBzi\\n\\nRead the working paper\\nhttps://bit.ly/2ZJ79rH\\n\\nAbout the authors\\nKyoji Fukao is a professor of economics at the Institute of Economic Research of Hitotsubashi University.\\nCristiano Perugini is an associate professor at the University of Perugia.\\n\\nKnow more about ADBI\\u2019s work\\nhttps://bit.ly/2XDWp0E'