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Amid the AI boom, labor's share of national income fell to a new low this year.
Why it matters: It's a barometer of who has the upper hand in the age-old tug-of-war between labor and capital.
Zoom in: The labor share tells you what percentage of the giant paycheck produced by the U.S. economy goes to workers in the form of wages and benefits, rather than to corporate profits, dividends, rents and interest paid to other economic actors, commonly summarized as "capital."
