Challenging the PremissesNewer Posts at EconCrit
That graph is pretty easy to explain The increase in disposable income is not coming from labor.One reason is taxes.Since WW2 taxes went up on labor (payroll tax increased something like 1000%) while taxes on non-labor income went down.
"The increase in disposable income is not coming from labor."I guess I just always assumed that it was coming from labor. But you must be right that it is not.
The spam filter's been acting up again lately. I'm aware, and checking it often.Oh, what fun they must have with this at Blogger!
ReplyDeleteThat graph is pretty easy to explain
The increase in disposable income is not coming from labor.
One reason is taxes.
Since WW2 taxes went up on labor (payroll tax increased something like 1000%) while taxes on non-labor income went down.
"The increase in disposable income is not coming from labor."
ReplyDeleteI guess I just always assumed that it was coming from labor. But you must be right that it is not.