Write an essay on labors share of income in the U.S. Your essay must address the following questions; How the BLS estimate the U.S. labor share? What is the general pattern of labors share of income in the U.S.?
How economists explain the recent developments in the U.S. labor share? Please review and summarize
competing approaches, including Neo-Classical Economics, Keynesian perspectives and Marxist perspectives.
Do labor unions affect labors share of income? Discuss the relationship between Labors share of income and income distribution in the U.S.?
Do economic policies (monetary policy and fiscal policy) affect the U.S. labor share?
Keywords: Wage share, capitalism, labor unions, technology, inflation targeting, austerity, income inequality
Sample Solution
