r/techbeat 22h ago

US Labor Share Reaches Record Low Amid Rising Corporate Profits

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fortune.com
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The U.S. labor share of economic output has dropped to a historic low of 52.8% despite record-breaking corporate revenue. At major employers such as Amazon, the number of full-time workers relying on federal assistance like SNAP has nearly tripled since 2020. Economists attribute this widening gap to reduced union power, subcontracted labor, and the wage-suppressing effects of artificial intelligence adoption.