Workers tend to bear the brunt of the American economy’s boom and bust cycles. When recessions hit and unemployment rises, workers’ share of the national income — the money people earn through wages and salaries, as opposed to corporate profits and capital gains — tends to decline. And when the economy recovers, workers’ portion of the country’s income rebounds to somewhere around its level prior to the recession.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=110673