Labor's share of national income has fallen since 1980 while capital's share rose, contributing to wage stagnation and household pessimism despite strong overall growth.
Tech CEOs Say AI Is Ushering in an Age of Abundance, But Instead the Evidence Shows That It's Pushing Down Wages
AI-driven asset and investment inflation sustains about $1 trillion of US consumption that worker wages do not support, creating recession risk if AI spending collapses.