In addition, government has conceded a piece of their GDP share via lower taxes over the same time period.
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It proposes spending that equals 20 percent of the Gross Domestic Product, or GDP, the smallest budget as a share of GDP in 25 years.
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If profits fall as a share of GDP all the way back to their 1982 low, or even to their 2001 nadir, share prices will suffer.
Leaving that aside the error is in thinking that the labour share of wages and salaries in GDP is the inverse of the profit share.
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Since 2002 corporate profits have doubled, matching their highest share of GDP ever in 2006.
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Manufacturing's share of GDP has fallen from 17.2% in 2000 to 14.6% in 2011.
Manufacturing's share of GDP has remained steady at between 17% and 18% since 2003.
It also causes the share of GDP devoted to health care to rise much more slowly.
Federal spending as a share of GDP will average 24.1% over his first term including 2013.
Brazil already spends a higher share of GDP on schooling than most OECD countries.
Canada reduced its spending as share of GDP by 8% in the mid-'90s and 2000s.
The U.S. reduced spending as a share of GDP by 5% from the mid-1980s to mid-1990s.
Counting industry-related services, he reckons, manufacturing's share of GDP is more like 30% than 20%.
As a share of GDP, South Korea's military spending is bigger than China's, Japan's and Brazil's.
Interestingly, the burden of government spending actually fell as a share of GDP between 1983 and 2000.
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Corporate profits are at an alltime-high share of GDP, with most reporting companies ahead of analysts' estimates.
Yet consumption is still falling as a share of GDP because investment has been growing even faster.
As a share of GDP, American business profits fell from 12.2% in 1965 to 6.4% in 1982.
Although public debt rose, it remained low as a share of GDP compared to the rest of Europe.
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Any comprehensive deficit reduction must take on the imbalance between revenues and expenditures as a share of GDP.
Social Security, Medicare, and Medicaid expenditures are a 35 percent larger share of GDP today than in 2000.
Furthermore, Governor Romney proposes revenue-neutral reform while the Simpson-Bowles Commission would raise taxes as a share of GDP.
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Measured as a share of GDP, investment in equipment and software is almost back to its prerecession level.
By this alternative measure, consumption fell as a share of GDP until 2008, but started growing strongly thereafter.
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The U.S. is no longer alone as the country that spends the highest share of GDP on tertiary education.
So, there has indeed been a fall in the labour share of GDP.
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However, borrowing by individuals remains relatively low as a share of GDP, mainly because so few people have mortgages.
Chinese officials say they plan to boost domestic consumption as a share of GDP, and Woo is a believer.
But Britain's bank exposure is still huge, and a shade larger as a share of GDP, at 14.7%, than Germany's.
In France Lionel Jospin is looking more and more like Louis XIV--the French state's share of GDP now exceeds 45%.
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