Vechsuruck, Tanadej - In: PSL quarterly review 77 (2024) 308, pp. 59-87
The neoliberal reforms since the 1980s have resulted in rapid globalization paralleled by worsening income distribution. In this paper, I first show that most countries worldwide (58 of 81) have experienced a decline in the labor share of income, or the wage share, during 1950-2019. Second, I...