Thus it is entirely possible for the labour share of income to change without that profit share changing.

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This would and does mean that the wages and salaries part of the national income falls while the labour share of national income does not.

FORBES: If Even Bill Gross Of Pimco Gets This Wrong What Hope For The Rest Of Us?

The labour share of income has been falling because the government share has been rising, not because the profit share has.

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