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Yes, that’s the problem.



I don't understand.

The labour share has been roughly at 60% +/- 10% for ages.

Even getting 100% will be at most a doubling of labour's income. That's nifty, comparable to moving from Mississippi to Connecticut. (https://en.wikipedia.org/wiki/List_of_U.S._states_by_GDP_per...)

But it's one-off. The difference between countries are bigger. And so are the difference over time.

And of course, jumping to 100% while keeping total GDP per capita constant is not really possible.




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